A relationship between thermal effects and relaxation of the high-frequency shear modulus upon heat treatment of bulk Zr48(Cu5/6Ag1/6)44Al8 metallic glass is found. This relationship is attributed to the relaxation of a interstitial-type defect system frozen-in from the melt upon glass production. Calorimetric data show that thermal effects occurring on heating include heat release below the glass transition temperature, heat absorption above it and heat release caused by crystallization. The equation derived within the Interstitialcy theory can be used to calculate the shear modulus relaxation using the calorimetric data. The obtained results are used to trace the defect concentration as functions of temperature and thermal prehistory.