TREASURY WINE ESTATES LIMITED — Major Shareholding Notification 2014

May 25, 2014

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Treasury Wine Estates
ACN/ARSN	ABN 24 004 373 862
1. Details of substantial holder (1)
Name	Harris Associates L.P.
ACN/ARSN (if applicable)
The holder ceased to be a substantial holder on		21/05/2014
The previous notice was given to the company on		20/05/2014
The previous notice was dated		20/05/2014

2. Changes in relevant interests

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

Person whose Date of relevant interest change changed		Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
	See Annex A

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 fo

Name and ACN/ARSN (if applicable)	Nature of association

4. Addresses

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

Name	Address
Harris Associates L.P.	2 N. La Salle Street, Suite 500, Chicago, IL 60602

Signature

print name	Kim Colwell	capacity	Senior Compliance Officer
sign here	Kim Colinell	date	23/05/2014

Annex A

$\sim$ $\sim$

HARRIS ASSOCIATES L.P. From 05-20-14 To 05-21-14

Trans	Trade			Nature of
Type	Date	Security	Quantity	Change	Class	Votes	Principal
SELL		5/21/2014 Treasury Wine Estates		519,200 Investment	Ordinary	519,200	2,283,444.31
SELL		5/21/2014 Treasury Wine Estates		484,200 Investment	Ordinary	484,200	2,142,283.36
SELL		5/21/2014 Treasury Wine Estates		94,000 Investment	Ordinary	94,000	413,412.50
SELL		5/21/2014 Treasury Wine Estates		87,700 Investment	Ordinary	87,700	388,017.86
SELL		5/21/2014 Treasury Wine Estates		7,500 Investment	Ordinary	7,500	32,985.04
SELL		5/21/2014 Treasury Wine Estates		6,900 Investment	Ordinary	6,900	30,528.20
SELL		5/21/2014 Treasury Wine Estates		50,400 Investment	Ordinary	50,400	221,659.47
SELL		5/21/2014 Treasury Wine Estates		47,100 Investment	Ordinary	47,100	208,388.16
SELL		5/21/2014 Treasury Wine Estates		18,500 Investment	Ordinary	18,500	81,363.09
SELL		5/21/2014 Treasury Wine Estates		17,200 Investment	Ordinary	17,200	76,099.29
SELL		5/21/2014 Treasury Wine Estates		18,100 Investment	Ordinary	18,100	79,603.90
SELL		5/21/2014 Treasury Wine Estates		16,900 Investment	Ordinary	16,900	74,771.97
SELL		5/21/2014 Treasury Wine Estates		42,300 Investment	Ordinary	42,300	186.035.62
SELL		5/21/2014 Treasury Wine Estates		39.500 Investment	Ordinary	39,500	174,762.89

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