Notification of dividend / distribution

Update Summary

Entity name

TREASURY WINE ESTATES LIMITED

Security on which the Distribution will be paid

TWE - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

Tuesday March 24, 2020

Reason for the Update

Section 4A.6 has been updated to include the DRP price.

Refer to below for full details of the announcement

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Notification of dividend / distribution

Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

TREASURY WINE ESTATES LIMITED

1.2

Registered Number Type

Registration Number

ABN

24004373862

1.3

ASX issuer code

TWE

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Section 4A.6 has been updated to include the DRP price.

1.4b Date of previous announcement(s) to this update

Wednesday February 12, 2020

1.5 Date of this announcement

Tuesday March 24, 2020

1.6 ASX +Security Code

TWE

ASX +Security Description

ORDINARY FULLY PAID

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of six months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

Tuesday December 31, 2019

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2A.4 +Record Date

Thursday March 5, 2020

2A.5 Ex Date

Wednesday March 4, 2020

2A.6 Payment Date

Friday April 3, 2020

2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.

No

2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

$ 0.20000000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market? No

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We have a Dividend/Distribution Reinvestment Plan (DRP)

2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution?

Yes

2A.12 Does the +entity have tax component information apart from franking?

No

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at this time?

No

2A.11a(i) DRP Status in respect of this dividend/distribution

Full DRP

3A.1a Ordinary dividend/distribution estimated amount per +security

$

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3A.1b Ordinary Dividend/distribution amount per security

$ 0.20000000

3A.2 Is the ordinary dividend/distribution franked? Yes

3A.3 Percentage of ordinary dividend/distribution that is franked

3A.2a Is the ordinary dividend/distribution fully franked? Yes

3A.3a Applicable corporate tax rate for franking credit

(%)

100.0000 %

30.0000 %

3A.4 Ordinary dividend/distribution franked amount per +security

$ 0.20000000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount

$ 0.00000000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

$ 0.00000000

3A.5 Percentage amount of dividend which is unfranked

0.0000 %

Part 4A - +Dividend reinvestment plan (DRP)

4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP? Do not participate in DRP (i.e. cash payment)

4A.2 Last date and time for lodgement of election notices to share registry under DRP

Friday March 6, 2020 17:00:00

4A.4 Period of calculation of reinvestment price

Start Date

4A.3 DRP discount rate

0.0000 %

End Date

Monday March 9, 2020

Friday March 20, 2020

4A.5 DRP price calculation methodology

The arithmetic average of the daily volume weighted average price of all shares traded on the ASX trading platform, or any other trading platform of an Australian financial market, during the period of ten trading days commencing on the second trading day after the Record Date.

4A.6 DRP Price (including any discount):

4A.7 DRP +securities +issue date

$ 9.22594

4A.8 Will DRP +securities be a new issue? Yes

Friday April 3, 2020

4A.8a Do DRP +securities rank pari passu from +issue date?

Yes

4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation? Yes

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4A.9a Minimum number of +securities required for DRP 4A.9b Minimum amount for DRP participation

participation

$

500

4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation? No

4A.11 Are there any other conditions applying to DRP participation? Yes

4A.11a Conditions for DRP participation

Participation in the Dividend Reinvestment Plan is limited to shareholders who, at the Record Date, are resident in Australia.

4A.12 Link to a copy of the DRP plan rules

https://www.tweglobal.com/-/media/Files/Global/Shareholder-FAQs/Dividend-Reinvestment-Plan-Rules-2019.ashx

4A.13 Further information about the DRP

Part 5 - Further information

  1. Please provide any further information applicable to this dividend/distribution
  2. Additional information for inclusion in the Announcement Summary

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Treasury Wine Estates Limited published this content on 24 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2020 01:07:11 UTC