Fonterra requests temporary trading halt

1 December 2017

FONTERRA REQUESTS TEMPORARY TRADING HALT

Fonterra Co-operative Group Limited (for itself and on behalf of Fonterra Shareholders’ Fund) has
requested an immediate trading halt to be applied to their respective securities on:

1. the ASX;
2. NZX Main Board/Debt Market; and
3. the Fonterra Shareholders Market.

This request has been made to give Fonterra time to consider the outcome of its arbitration with
Danone regarding Fonterra’s 2013 Whey Protein Concentrate precautionary recall.

Fonterra has been advised that it will receive the arbitration tribunal’s decision today. The decision
document is expected to be both lengthy and complex and neither party has been given advance
notice of the tribunal’s findings. Fonterra will not be in a position to immediately assess any financial
implications and advise the market.

Fonterra CEO Theo Spierings said the Co-operative expected to make a market announcement in
relation to the Danone arbitration decision as soon as possible after the decision is received.

“Fonterra remains in a strong financial position and any damages award will not affect our ability to
operate. We will share further details with the market, our farmers and staff as soon as practical,”
he said.

ENDS

For further information contact:

Fonterra Communications
Phone: +64 21 507 072

About Fonterra
Fonterra is a global leader in dairy nutrition – the preferred supplier of dairy ingredients to many of the world’s
leading food companies. It is also a market leader with its own consumer dairy brands in New Zealand and
Australia, Asia, Africa, the Middle East and Latin America. Fonterra is a farmer-owned co-operative and the
largest exporter of milk in the world. It is one of the world’s largest investors in dairy research and innovation
drawing on generations of dairy expertise to produce more than two million tonnes of dairy ingredients, value
added dairy ingredients, specialty ingredients and consumer products for 140 markets.