BRIEF-Treasury Wine Estates Says Advised That Chinese MOFCOM Released Interim Draft Determination

Reuters03-12

March 12 (Reuters) - Treasury Wine Estates Ltd :

* HAS BEEN ADVISED THAT CHINESE MINISTRY OF COMMERCE HAS RELEASED AN INTERIM DRAFT DETERMINATION

* ANTICIPATES THAT MOFCOM WILL RELEASE A FINAL DETERMINATION IN COMING WEEKS

* INTERIM DRAFT DETERMINATION OUTLINING A PROPOSED REMOVAL OF CURRENT TARIFFS ON AUSTRALIAN WINE IMPORTS INTO CHINA

* INTERIM DRAFT DETERMINATION IS NOT A FINAL DETERMINATION AND IS SUBJECT TO CHANGE BY MOFCOM

* SEES EBITS CONTRIBUTION FROM RE-ESTABLISHMENT OF AUSTRALIAN ORIGIN PORTFOLIO IN CHINA MINIMAL THROUGH REMAINDER OF F24

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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