Fine-grained AA7475 aluminium alloy sheets were produced in this study by a thermomechanical treatment involving solution anneal, overageing, rolling and recrystallization steps. It has been found that the cooling rate after the intermediate overageing treatment should be fast to obtain the finest grain size. The fast cooling rate ensured the presence of relatively large particles of MgZn2 and some supersaturation prior to cold rolling. Generally, the final grain structure was heterogeneous, with bands of fine grains lying parallel to the rolling direction. In material rapidly cooled after overageing, bands of fine grains were also observed in the transverse direction and these bands were associated with shear bands formed during rolling. The fine-grained AA7475 alloy sheets with an average grain size of about 9 μm showed large tensile elongations of about 800% when deformed at 516 °C and with an initial strain rate of 5×10−4s−1.