Dairyworks settlement complete

Synlait Milk Limited · 1028 Heslerton Road, RD13 Rakaia, Canterbury, New Zealand · +643 373 3000 · www.synlait.com

NZX: SML
ASX: SM1

1 April 2020

Dairyworks settlement complete
Synlait Milk Limited (Synlait) completed the purchase of Dairyworks Limited (Dairyworks) today.

Synlait previously announced the transaction in October 2019 and received consent under the Overseas
Investment Act 2005 to purchase the shares in Dairyworks last month.

More information on Synlait’s reason for acquiring Dairyworks is set out in this presentation
released to
the market following OIO consent.

Dairyworks, like the rest of Synlait’s operations, are currently operating under the New Zealand
Government’s Level 4 Alert restrictions as an essential service.


For more information about Synlait visit www.synlait.com
or contact

Media
Linda Chalmers,
Senior Communications Advisor – External
P: +64 21 951 347
E: linda.chalmers@synlait.com


Investors
Hannah Lynch
Corporate Affairs Manager
P: +64 21 252 8990
E: hannah.lynch@synlait.com