D&O Ongoing Disclosure Notice

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ONGOING DISCLOSURE NOTICE
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2) Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer: Fonterra Co-operative Group Limited
Date this disclosure made: 29 November 2018
Date of last disclosure: 9 April 2018


A Director or senior manager giving disclosure

Full name(s): Brent John Goldsack
Name of listed issuer: Fonterra Co-operative Group Limited
Name of related body corporate (if applicable):

Position held in listed issuer: Director

B Summary of acquisition or disposal of relevant interest (excluding specified
derivatives

Class of affected quoted financial products:
Disposal of 280,029 Co-operative Shares through the
sale of relevant interest in Longfields Investments
Limited
Nature of the affected relevant interest(s): Indirect shareholder
For that relevant interest:
Number held in class before acquisition or disposal: 280,029
Number held in class after acquisition or disposal: 0
Current registered holder(s):
Registered holder(s) once transfers are registered: Longfields Investments Limited

Class of affected quoted financial products:
Acquisition of 146,334 Co-operative Shares through
the acquisition of relevant interests in Ngarua Dairy
Limited
Nature of the affected relevant interest(s): Indirect Shareholder
For that relevant interest:
Number held in class before acquisition or disposal: 0
Number held in class after acquisition or disposal: 146,334
Current registered holder(s):
Registered holder(s) once transfers are registered: Ngarua Dairy Limited

C Summary of acquisition or disposal of specified derivatives relevant interest (if
applicable)

Type of affected derivative:
Class of underlying financial products:
Details of affected derivative-

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The notional value of the derivative (if any) or the
notional amount of underlying financial products (if
any):

A statement as to whether the derivative is cash settled
or physically settled:

Maturity date of the derivative (if any):
Expiry date of the derivative(if any):
The price specified in the terms of the derivative (if
any):

Any other details needed to understand how the
amount of the consideration payable under the
derivative or the value of the derivative is affected by
the value of the underlying financial products:


For that derivative, -
Parties to the derivative:
If the director or senior manager is not a party to the
derivative, the nature of the relevant interest in the
derivative:


D Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

1
Details of transactions requiring disclosure-


Date of transaction: 8/11/2018
Nature of transaction: Disposal of relevant interest in Longfields Investments
Limited. Acquisition of relevant interests through the
acquisition of shares in Ngarua Dairy Limited
Name of any other party or parties to the transaction (if
known):

The consideration, expressed in New Zealand dollars,
paid or received for the acquisition or disposal. If the
consideration was not in cash and cannot be readily by
converted into a cash value, describe the
consideration:
$0
Number of financial products to which the transaction
related:
280,029 shares held by Longfields Investments
Limited
146,334 shares held by Ngarua Dairies Limited
If the issuer has a financial products trading policy that
prohibits directors or senior managers from trading
during any period without written clearance (a closed
period) include the following details—

Whether relevant interests were acquired or disposed
of during a closed period:
No
Whether prior written clearance was provided to allow
the acquisition or disposal to proceed during the closed
period:
N/A as the disposal and acquisition of co-operative
shares was through the sale and purchase of shares
within the relevant shareholding companies.
Date of the prior written clearance (if any): N/A

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(a) 20 working days after the first acquisition or disposal disclosed in this notice if the
acquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial
Markets Conduct Act 2013; or
(b) in any other case, 5 trading days after the first acquisition or disposal disclosed in this
notice.