29 June 2011
Information regarding the cost base of Foster's shares
As indicated in Section 9 of the Demerger Booklet, where demerger tax relief is available, the cost base of the Foster's Shares held by Australian resident Foster's Shareholders will be allocated between their Foster's Shares and their Treasury Wine Estates Shares. The allocation will be based on the market values (or a reasonable approximation thereof) of the Foster's Shares and the Treasury Wines Estates Shares just after the Demerger.
The Australian Taxation Office (ATO) has issued a class ruling in relation to the demerger, a copy of which is included below. The ATO has also issued a fact sheet confirming the tax consequences of the demerger for Australian resident shareholders. The fact sheet can be found at http://www.ato.gov.au/individuals/content.aspx?doc=/content/00284126.htm.
Foster's will notify Australian resident shareholders in writing of the tax consequences and has included a tax cost base calculator on the website to assist shareholders with the apportionment of their cost base between Foster's shares and Treasury Wine Estates shares.
