Foster's Group Limited (Foster's) has now completed the dispatch to shareholders of the Demerger Booklet relating to the Demerger of Treasury Wine Estates Limited.

The Foster's Board unanimously recommends that Foster's shareholders vote in favour of the resolutions to approve the Demerger at the Scheme Meeting and the General Meeting.

The Scheme Meeting and the General Meeting will be held at Melbourne Recital Centre, 31 Sturt St, Southbank, Victoria 3006 on Friday, 29 April 2011, commencing at 9.00am (Melbourne time). The General Meeting will commence at the later of 9.15am (Melbourne time) or the conclusion of the Scheme Meeting.

The Demerger Booklet, Scheme Meeting Proxy Form, General Meeting Proxy Form, and Sale Facility Form (for Small Shareholders¹ only) are attached to this release.

Foster's Shareholders should carefully read the Scheme Booklet in its entirety and the materials accompanying it before deciding whether or not to vote in favour of the Scheme and the Capital Reduction.

Foster's has established the Foster's Shareholder Information Line to answer questions shareholders may have in relation to the Demerger. The Foster's Shareholder Information Line is available on Business Days between 9.00am and 5.00pm (Melbourne time) on 1300 048 608 (within Australia) or +61 3 9415 4812 (International).

Further information:

Media
Troy Hey
Tel: +61 3 8626 2085
Mob: +61 409 709 126

Investors
Chris Knorr
+61 3 8626 2685
Mob: +61 417 033 623

¹ Small Shareholders are Eligible Shareholders with a registered address in Australia or New Zealand, who individually hold 1,000 Foster's Shares or fewer as at the Record Date which is currently expected to be 7.00pm on Monday, 16 May 2011. Please see Section 3.8 of the Demerger Booklet for further information on the Sale Facility.