Monthly Allotment / Redemption Notice

Fonterra Shareholders' Fund
Monthly Allotment / Redemption Notice
03 April 2018
Please be advised that during the month of March 2018 the following allotments and
redemptions of units were made in the Fonterra Shareholders' Fund. Each unit was allotted or
redeemed in consideration of the transfer of one share in Fonterra Co-operative Group Limited to
or by Fonterra Farmer Custodian Limited.
(a) Class of Security and ISIN: FSF Units, ISIN: NZFSFE0001S5
(b) Number of Securities:
(c) Percentage of total Class of Securities:
Reason for redemption: Each unit was allotted or redeemed in consideration of the
transfer of one share in Fonterra Co-operative Group Limited to or by Fonterra
Farmer Custodian Limited.
Specific authority for redemption: Fonterra Shareholders' Fund Unit Trust Deed between
FSF Management Company Limited, the New Zealand Guardian Trust Company Limited
and Fonterra Co-operative Group Limited, and the Custody Trust Deed for the Fonterra
Economic Rights Trust between FSF Management Company Limited, the New Zealand
Guardian Trust Company Limited, Fonterra Co-operative Group Limited and Fonterra
Farmer Custodian Limited, together with the terms of the Fonterra Shareholders' Fund
Distribution Reinvestment Plan.
Terms or details of the redemption: The units allotted rank pari-passu with the
existing units on issue.
Number of Securities of the Class in existence at close on 29/03/2018 after the
redemption (exclusive of Treasury Stock):
Andrew Cordner
On behalf of the Fonterra Shareholders' Fund. FSF Management Company Ltd (Australian Registered Business Number 190 539 935,
incorporated in New Zealand) is the manager of the Fonterra Shareholders' Fund.
taf@fonterra.com
Phone +64 9 374 9000
Private Bag 92032, Auckland, 1142, 109 Fanshawe Street, Auckland Central, Auckland, 1010 New Zealand
www.fonterra.com
Issued in reliance on the Fund's waiver from NZX Main Board Listing Rule 7.12.1 dated 3 September 2014. A copy of this waiver can be found at http://
www2.fonterra.com/our-financials/fonterra-shareholders-fund
Previous number of Securities of the Class in existence at close on 28/02/2018
before the redemption (exclusive of Treasury Stock):
133,520,120
136,264,076
Allotted:65,033
Redeemed:2,808,989
Net Redemption2,743,956
Allotted:0.0477257%
Redeemed:2.0614303%
Net Redeemed %2.0137046%