No change to existing Synlait and a2 Milk arrangements

Synlait Milk Ltd
1028 Heslerton Road
RD13, Rakaia 7783
Private Bag 806
New Zealand
P +64 3 373 3000
www.synlait.com

The a2 Milk Company Limited
ARBN 158 331 965, incorporated in New Zealand

21 FEBRUARY 2018
NZX/ASX MARKET RELEASE
NO CHANGE TO EXISTING SYNLAIT AND A2
MILK INFANT FORMULA SUPPLY
ARRANGEMENTS
Synlait Milk Limited (NZX: SML, ASX: SM1) and The a2 Milk Company Limited (NZX: ATM;
ASX: A2M) wish to clarify that the announcements made today by The a2 Milk Company and
Fonterra do not change Synlait’s exclusive infant formula supply arrangements to The a2
Milk Company.
Synlait and The a2 Milk Company have an exclusive long-term supply agreement for the
production of the a2 Platinum® infant formula range for China, Australia and New Zealand.
This agreement was announced in August 2016 and continues to underpin the growing
partnership between Synlait and The a2 Milk Company.
“Today’s announcement is great news for both The a2 Milk Company and Fonterra. It is a
strategically sound decision and while we understand it brings additional dynamics to our
existing relationship, we are supportive of The a2 Milk Company’s growth,” says John
Penno, Synlait Milk’s Managing Director and CEO.
“We both remain committed to a positive, long-term partnership with The a2 Milk Company
and are looking forward to continued growth for both organisations,” said Mr Penno.
Geoffrey Babidge, Managing Director and CEO of The a2 Milk Company, adds “The
arrangement we announced this morning is about The a2 Milk Company having options to
diversify sourcing, processing and manufacturing over time in light of continued growth in
demand for the company’s products.”
“Our Company recognises that Synlait has performed outstandingly under the exclusive
infant formula supply arrangement between the two companies and our on-going
relationship will continue to serve us both well into the future,” says Mr Babidge.
ENDS
For more information, please contact:

For Synlait Milk Limited:
Dan Walraven
Communications Manager, Synlait Milk
P: +64 (0) 27 836 7532
E: daniel.walraven@synlait.com
For The a2 Milk Company Limited:
Barry Akers
Senescall Akers Limited
M: +64 (0)21 571 234
E: akers@senescallakers.co.nz