date:May 23, 2014
order to have meaningful discussions with KKR, it was important to preserve the confidentiality of the proposal and that premature disclosure would be contrary to the interests of Treasury Wines shareholders, especially given the highly conditional nature of the proposal. Treasury Wines said the decision not to disclose the proposal was also consistent with the Companys continuous disclosure obligations. Since the proposal was received on 16 April 2016, Treasury Wines has held preliminary and co