Disclosure of Director’s Relevant Interests

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(1) and 298(1), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
The a2 Milk Company Limited
Date this disclosure made:
26/08/2019
Date of last disclosure:
4/07/2019
Director or senior manager giving disclosure
Full name(s):
Carla Jayne Hrdlicka
Name of listed issuer:
The a2 Milk Company Limited (Company)
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Managing Director and CEO
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Ordinary Shares
Nature of the affected relevant interest(s):
(1) Legal and beneficial owner of unlisted
time-based rights (representing an
entitlement to acquire Ordinary Shares in
the Company granted to Ms Hrdlicka as a
one-off transition benefit as compensation
for the forfeiture of her short term and long
term incentive entitlements from her former
employer as a result of her resignation to
take up employment with the Company)
(Time-Based Rights);
(2) Legal and beneficial owner of Ordinary
Shares
For that relevant interest-
Number held in class before acquisition or disposal:
(1) 90,914 Time-Based Rights; (2) 151,108
Ordinary Shares
Number held in class after acquisition or disposal:
242,022 Ordinary Shares
Current registered holder(s):
Carla Jayne Hrdlicka
Registered holder(s) once transfers are registered:
Carla Jayne Hrdlicka
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-
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:
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:24/08/2019
Nature of transaction:
Issue of 90,914 Ordinary Shares following
the vesting and automatic exercise of
90,914 Time-Based Rights, the timing of
such automatic exercise reflecting the
vesting date of the relevant forfeited
incentive entitlements from Ms Hrdlicka's
former employer
Name of any other party or parties to the transaction (if known):N/A
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:
N/A
Number of financial products to which the transaction related:
90,914 Time-Based Rights
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.
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
Unlisted performance rights representing
an entitlement to acquire Ordinary Shares
in the Company (Performance Rights)
Nature of relevant interest:Legal and beneficial
For that relevant interest,-
Number held in class:245,787 Performance Rights
Current registered holder(s):Carla Jayne Hrdlicka
For a derivative relevant interest,-
Type of derivative:
Details of derivative,-
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's specified terms (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 relevant interest,-
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:
Certification
I, 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.
Signature of director or officer:
Date of signature:
24/08/2019
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person:

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Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1
Rule 3.19A.2
Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11

Name of entity The a2 Milk Company Limited (Company)
ABN 97 769 415 292
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director Carla Jayne Hrdlicka
Date of last notice 5 July 2019
Part 1 – Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Direct or indirect interest Direct
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
N/A
Date of change 24/08/2019
No. of securities held prior to change 151,108 Ordinary Shares.
245,787 performance rights representing an
entitlement to acquire ordinary shares in the
Company (Performance Rights).
90,914 time-based rights representing an
entitlement to acquire ordinary shares in the
Company (Time-Based Rights). The Time-
Based Rights were granted to Ms Hrdlicka as a
one-off transition benefit as compensation for
the forfeiture of incentive entitlements from her
former employer as a result of her resignation to
take up employment with the Company.
Class (1) Time-Based Rights
(2) Ordinary Shares
Number acquired
90,914 Ordinary Shares on the vesting and
automatic exercise of an equivalent number of
Time-Based Rights.
Number disposed
90,914 Time-Based Rights as a result of the
issue of an equivalent number of Ordinary
Shares upon the vesting and automatic exercise
of the Time-Based Rights.

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
N/A
No. of securities held after change 242,022 Ordinary Shares.
245,787 Performance Rights.
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue
of securities under dividend reinvestment plan, participation in buy-
back
Automatic exercise of Time-Based Rights
following their vesting.
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Detail of contract
n/a
Nature of interest
n/a
Name of registered holder
(if issued securities)
n/a
Date of change
n/a
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract in relation
to which the interest has changed
n/a
Interest acquired
n/a
Interest disposed
n/a
Value/Consideration
Note: If consideration is non-cash, provide details and
an estimated valuation
n/a
Interest after change
n/a
Part 3 –
+
Closed period
Were the interests in the securities or contracts detailed
above traded during a
+
closed period where prior written
clearance was required?
No
If so, was prior written clearance provided to allow the trade
to proceed during this period?
n/a
If prior written clearance was provided, on what date was
this provided?
n/a