TREASURY WINE ESTATES LIMITED — Major Shareholding Notification 2012

Oct 2, 2012

1. Oct. 2012 18:37

No. 0216 $P. 1/6$

605 page 2/2 15 July 2001

Form 605
Corporations Act 2001
Section 671B

Ellerston Capital

Notice of ceasing to be a substantial holder

To Company Name/Scheme		TREASURY WINE ESTATES LIMITED
ACN/ARSN	004 373 862
Details of substantial holder (1) 1.
Namo		Ellerston Capital Limited (Primary Person), and its associatos being those persons listed in Annexure B
ACN/ARSN (if applicable)	ACN 110 397 674
The holder ceased to be a
substantial holder on		01/10/12
The provious notice was given to the company on		20/04/12
The previous notice was dated		19/04/12

2. Changes in relevant interests

Particulars of each change in, or chango in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or schome, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's voles affected .
ISee Annexure Af			---------------------------------		.
		.

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

_________ Name and ACN/ARSN (if applicable)	. . Nature of association
--------------------------------------- IN/A $\begin{array}{cccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccc$	_________
--------------------------------------	.

4. Addresses

The addresses of persons namod in this form are as follows:

________ Namo	Address
lSoo annexures	The Substantial Shareholder - c/- Level 11, 179 Elizabeth Street, ISvdnev, NSW, 2000
	The entities listed in Annexure $B - cI$ - Level 3, 54-58 Park Street, Sydney, NSW, 2000
ITREASURY WINE ESTATES LIMITED.	Level 5, 77 Southbank Boulevard, Southbank, VIC, 3006

Signature

print namo	Brian O'Sullivan	capacity	Director
sign here	$\mathscr{H}_{\alpha}$ ------------	date	03/10/2012

$\bar{z}$

TREASURY WINE ESTATES LIMITED ACN 004 373 862

This is Annexure A of 2 pages referred to in Form 605-Notice of ceasing to be a substantial holder.

Signature

print name Brian O'Sullivan capacity Director 03/10/12 date sign here U

Date of change	Person whose relevant interest changed	Nature of change (4)	Considoration given in rolation to change (5)	Class (6) and number of securities affected	Person's votes affected
19/04/2012	Primary Person	Sell	\$1,304,517.57	291,083 ordinary shares	291,083
26/04/2012	Primary Person	Sell	\$873,600.00	224,000 ordinary shares	224,000
02/05/2012	Primary Person	Sell	\$2,202,410.74	480,100 ordinary shares	480,100
07/05/2012	Primary Person	Šelt	\$1,073,493.20	236,000 ordinary shares	236,000
08/05/2012	Primary Porson	Sell	\$1,607,414.13	350,100 ordinary shares	350,100
10/05/2012	Primary Person	Sell	\$1,013,310.48	223,600 ordinary shares	223,600
11/05/2012	Primary Person	İSoll	\$1,392,769.40	301,400 ordinary shares	301,400
16/05/2012	Primary Person	Sell	\$690,330.00	150,000 ordinary shares	150,000
17/05/2012	Primary Person	Šoll	\$4,196,546.30	917,940 ordinary sharesi	917,940
24/05/2012	Primary Person	$\overline{\mathsf{Self}}$	\$267,300.00	59,400 ordinary shares	59,400
25/05/2012	Primary Person	Buy	\$202,168.01	44,908 ordinary sharos	44,908
31/05/2012	Primary Person	Buy	\$1,032,688.43	234 542 ordinary shares	234,542
01/06/2012	Primary Person	Buy	\$867,820.00	200,000 ordinary shares	200,000
04/06/2012	Primary Person	Buy	\$858,020.00	200,000 ordinary shares	200,000
20/06/2012	Primary Person	Buy	\$1,102,461.25	254,375 ordinary shares	254,375

1. Oct. 2012 18:37 Ellerston Capital

No. 0216 P. $3/6$

25/06/2012	Primary Porson	Sell	\$1,936,723.81	448,700 ordinary shares	448,700
27/06/2012	Primary Porson	Sell	\$1,857,873.15	422,100 ordinary shares	422,100
11/07/2012	Primary Person	Sell	\$2,220,000.00	500,000 ordinary shares	500,000
12/07/2012	Primary Person	Sell	\$1,133,750.00	250,000 ordinary shares	250,000
17/07/2012	Primary Person	Sell	\$1,014,750.00	225,000 ordinary shares	225,000
18/07/2012	Primary Person	Soll	\$49,820.96	11,200 ordinary shares	11,200
01/08/2012	Primary Person	Buy	\$96,570.00	22,200 ordinary shares	22,200
06/08/2012	Primary Person	Sell	\$16,926.00	3,900 ordinary shares	3,900
10/08/2012	Primary Person	Sell	\$61,273.40	14,183 ordinary shares	14,183
20/08/2012	Primary Person	Buy	\$72,677.91	16,026 ordinary shares	16,026
22/08/2012	Primary Person	Sell	\$1,528,894.41	325,269 ordinary shares	325,269
23/08/2012	Primary Person	Soll	\$5,683,300.00	1,200,000 ordinary shares	1,200,000
06/09/2012	Primary Person	Sell	\$3,332,000.00	700,000 ordinary shares	700,000
13/09/2012	Primary Person	Sell	\$96,001.52	20,084 ordinary shares	20,084
27/09/2012	Primary Person	Sell	\$192,000.00	40,000 ordinary shares	40,000
01/10/2012	Primary Person	Sell	\$3,543,864.80	701,200 ordinary shares	701,200

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TREASURY WINE ESTATES LIMITED ACN 004 373 862

This is Annexure B of 3 pages referred to in Form 605-Notice of ceasing to be a substantial holder.

Signature

print name Brian O'Suillvan capacity Director sign here date 03/10/12

The following entitles represont the Passive Substantial Holders. Each is a related body corporate of the Principal Person or a person that
controls a related body corporate of the Principal Person and so an associate of t

	AUSTRALIAN COMPANY NO.
PARTY/ENTITY NAME
Arctic Asia GP general partner of the Arctic Asia
Opportunities Fund, L.P. Communication
Arctic Capital Ltd
Arctic LES (Ireland) Limited
Arctic LES (Luxembourg) Sarl	003 993 682
Australian Financial Times Pty Ltd	000 333 684
Australian Fluorine Chemicals Pty Ltd	060 526 865
Bareage Pty Ltd	001 735 075
Cairnton Pty Ltd	008 394 134
Cairnton Holdings Limited	091 030 929
Captwo Pty Ltd	084 494 619
Casthree Pty Ltd Casthree Pty	084 494 520
Castwo Pty Ltd	091 030 910
Catone Pty Ltd Cavalane Holdings Pty Ltd	080 695 754
Ceejag Pty Ltd	088 591 575
Conpress (Hong Kong) Ltd
Conpress (Malaysia) Sdn Bhd
Conpress Cayman, LDC
Conpress Cayman II, LDC
Conpress Christchurch Pty Ltd
Conpress Finance BV
Conpress Holdings Pty Ltd	088 047 974
Conpress International Finance
Conpress International (Netherlands Antilles) NV
Conpress International (Netherlands Antilles) II NV
Consolidated Custodians International Ltd
Consolidated Custodians Pty Ltd	008 394 492
Consolidated Media Holdings Limited and controlled entities
as per attached listing
Consolidated Gaming Pty Ltd	071 513 409
Consolidated Press Entertainment Pty Ltd	070 506 606
Consolidated Press (Finance) Ltd	001 557 035
Consolidated Press Financial Services Pty Ltd	008 457 869
Consolidated Press Holdings Ltd	008 394 509
Consolidated Press International Limited
Consolidated Press International Holdings Limited
Consolidated Press Investments Pty Ltd	000 089 118
Consolidated Press Property Pty Ltd	004 160 703
CP International Investments Ltd
CP International Management Services Limited
CP International Resources Ltd

PARTY/ENTITY NAME	AUSTRALIAN COMPANY NO.
CP International Securities Ltd
CPH Capital Pty Ltd	096 130 899
CPH Direct Investments Pty Ltd	122 328 652
CPH Fashion Pty Ltd	089 304 941
CPH Investments Management Pty Limited	092 008 172
CPH Products Pty Limited	106 918 638
CPH Property Pty Limited	000 031 747
CPH WA Investment Co Pty Limited	129 011 534
DCE America Inc.
Ellerstina Inversiones (Malaysia) Sdn Bhd
Ellerstina Inversiones SA
Ellerston Asia Pacific Cayman Feeder Fund
Ellerston Asia Pacific (Ireland) Limited
Ellerston Asia Pacific Fund
Ellerston Australian Share Fund
Ellerston Australian 130/30 Fund
Ellerston Capital Limited	110 397 674
Ellerston Capital (Europe) Limited
Ellerston Capital (Hong Kong) Limited
Ellerston Capital (US GEMS), LLC
Ellerston Capital (US Asia Pacific) Limited
Ellerston Capital (Resources No.1) Limited
Ellerston Global Equity Managers Cayman Feeder Fund
Ellerston Global Equity Managers Offshore Fund
Ellerston Global Equity Managers Fund
Ellerston GEMS Fund
Ellerston GEMS Offshore (Ireland) Limited
Ellerston Opportunities Pty Ltd	150 851 666
Ellerston Overlay ASF	151 570 240
EESP Pty Ltd Ellerston Pty Ltd	123 039 341
Holiwest Pty Ltd	082 627 898
Hoyts Cinemas America Limited
Hoyts Cinemas Argentina Limited
Hoyts Cinemas Chile Limited
Hoyts Cinemas Germany GmbH
Hoyts Cinemas Germany Operations GmbH
Hoyts Cinemas Operations Pty Ltd	006 530 347
Hoyts Cinemas Overseas Holdings Sdn Bhd
Hoyts Cinemas Polska Sp z.o.o.
Hoyts Cinemas (South America) Holdings Limited
Hoyts Cinemas (Wood Green) Limited
Hoyts Emerging Territories Ltd
Hoyts Overseas Operations Sdn Bhd
HUSH Holding Company Inc.
HUSH Holding Subsidiary Inc.
HUSH Holdings US Inc.
Hyde Park Gardens (Jersey) Limited
James Douglas Packer (Principal Person)
Jaslib Pty Ltd	065 059 458
Jasopt Pty Ltd	065 064 164
Lenvoka Pty Limited	003 274 628
Lutrust Pty Limited	088 937 428
Magenta Investments Ltd
Murray Leisure Group Pty Limited	000 090 273
Murray Publishers Pty Limited	000 067 998
Natarpark Pty Limited	149 969 540
Nicarby Pty Ltd	086 715 362
Northeast Cinemas, L.L.C.
Northeast Cinemas (Connecticut) L.L.C.
Northeast Cinemas (Maryland) L.L.C.
Northkom Pty Ltd	082 885 961

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PARTY/ENTITY NAME	AUSTRALIAN COMPANY NO.
Nova One Limited
Nova Two Limited
Park Street Partners Cayman II Limited
Park Street SPV 1 (Cayman) Limited
Perisher Blue Pty Ltd	061 232 488
Perisher Village Developments Pty Limited	139 766 993
Pretty Girl Fashion Group Pty Ltd	051 283 900
Raystonel Pty Limited	123 039 270
Revlake Pty Limited	051 765 818
Ridgegate Pty Limited	058 139 923
Rosgrove Pty Limited	051 649 560
Samenic Limited	066 234 900
Savabow Pty Ltd	084 712 774
SBC Burlington Corp
Silthree Pty Ltd	084 494 575
Siltwo Pty Ltd	084 494 495
Silver City Cinemas, Inc.
Silver City Holdings, Inc.
Taringah Pty Ltd	105 268 862
Toranaga Pty Ltd	056 229 728
Toray Pty Ltd	002 348 503
Treysta Pty Ltd	078 467 080
Wakefield Bahamas Limited
Western Empire Publications Ltd
Wombat Enterprises Pty Ltd	003 115 124
Wooltech Pty Limited	010 717 441

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