Fonterra considers Bond Offer

5 NOVEMBER 2018
FONTERRA CONSIDERS BOND OFFER
Fonterra Co-operative Group Limited announced today that it is considering making an offer of
up to NZ$100,000,000 (with the ability to accept up to NZ$50,000,000 in over subscriptions at
Fonterra’s discretion) of senior fixed rate bonds to institutional investors and to New Zealand
retail investors.

Full details of the offer will be released this week. The bonds are expected to mature in
November 2025. Proceeds from the offer will be used for general corporate purposes.

ANZ and CBA have been appointed as joint lead managers for the proposed offer and ANZ has
been appointed as arranger.

The offer will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt
securities of the same class as existing quoted debt securities. The bonds are expected to be
quoted on the NZX Debt Market.

Investors can register their interest in the offer by contacting the joint lead managers, their broker
or their financial advisor.

Indications of interest will not constitute an obligation or commitment of any kind. No money is
currently being sought and no applications for the bonds will be accepted or money received
until the offer opens and the investor has received a copy of the relevant offer document in
relation to the bonds.

-end-

Simon Till
Director Capital Markets, Fonterra
Phone: (09) 374 9344

ANZ CBA
0800 269 476 0800 272 633