SPH Notice – Mitsui & Co., Ltd (Mitsui Co)

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Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited
and
To Synlait Milk Limited (SML)
Date this disclosure made: 10 August 2018
Date last disclosure made: 3 August 2018
Date on which substantial holding ceased: 10 August 2018
Substantial product holder(s) giving disclosure
Full name(s):
Mitsui & Co., Ltd (Mitsui Co)
Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Mitsui Co
For last disclosure,—
(a) total number held in class: 15,019,750
(b) total in class: 179,223,028
(c) total percentage held in class: 8.380%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 179,223
(b) total in class: 179,223,028
(c) total percentage held in class: 0.100%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
On 3 August 2018, Mitsui Co. and Mitsui & Co. (Australia) Limited (Mitsui Australia) (Mitsui
Co is the parent company of Mitsui Australia) entered into a Sale and Purchase Agreement with
The a2 Milk Company (a2MC) (the Agreement). Under the Agreement, Mitsui Co
unconditionally agreed to sell 8,832,626 SML shares (Mitsui Co Sale Shares) and Mitsui
Australia agreed to sell 6,007,901 SML shares (Mitsui Australia Sale Shares). A copy of the
Agreement was attached to Mitsui Co’s substantial product holder notice released on 3 August
2018.
On 10 August 2018 the Agreement completed and the Mitsui Co Sale Shares and the Mitsui
Australia Sale Shares were transferred to The a2 Milk Company (New Zealand) Limited in
accordance with the Agreement at NZ$10.90 per SML share, for an aggregate price of
NZ$161,761,744.30. As a result of the transfer of the Mitsui Co Sale Shares and the Mitsui

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Australia Sale Shares in accordance with the Agreement, Mitsui Co no longer has a substantial
holding in SML.
Additional information
Address(es) of substantial product holder(s):
Mitsui & Co., Ltd, 1 Chome-1-3 Marunouchi, Chiyoda, Tokyo 100-0005, Japan +81-3-3285-5903.
Contact details: Kazunari Irisawa, +81-3-3285-5939, K.Irisawa@mitsui.com
Nature of connection between substantial product holders: Not applicable.
Name of any other person believed to have given, or believed to be required to give, a disclosure
under the Financial Markets Conduct Act 2013 in relation to the financial products to which this
disclosure relates: The a2 Milk Company Limited.
Certification
I, Kenichi Yoda, certify that, to the best of my knowledge and belief, the information contained in
this disclosure is correct and that I am duly authorised to make this disclosure by all persons for
whom it is made.