Issue of Shares for Farm Source Dollars for Shares Offer

15 October 2019

ISSUE OF SHARES FOR 2019 FARM SOURCE DOLLARS FOR SHARES OFFER

Fonterra Co-operative Group Limited (FCG) ("Fonterra") has today completed the allotment of co-operative
shares to shareholders under the 2019 Farm Source Dollars for Shares Offer.

For the purposes of Fonterra Shareholders' Market Listing Rule 2.9.1, Fonterra advises the issue of the new
shares under the 2019 Farm Source Dollars for Shares Offer as follows:
Class of Security and ISIN: Ordinary Shares NZFCGE0001S7
Number issued: 105,345
Issue price: NZD $3.635
Payment in Cash: NZD $382,929.08
Amount paid up: Fully paid
Percentage total of class of securities issued: .0065%
Reason for issue: Each share was issued pursuant to the terms of the Fonterra 2019 Farm Source Dollars for
Shares Offer
Specific authority for issue: Board resolution pursuant to the terms of the Fonterra 2019 Farm Source Dollars
for Shares Offer
Any terms or details of the issue: The shares will rank equally in all respects with existing co-operative shares
in Fonterra at the date on which they are issued
Total number of securities on issue after issue (excluding treasury stock): 1,612,097,067
Date of issue: 15 October 2019


-ENDS-

For further information contact:

Anya Wicks
Director Governance, Risk and Audit
Phone: +64 21 283 0945