Supreme Court hearing delayed due to COVID-19

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

NZX: SML
ASX: SM1

23 April 2020

Supreme Court hearing delayed due to COVID-19
The Supreme Court of New Zealand will delay hearing the case surrounding Synlait Milk Limited’s (Synlait)
Pokeno land due to COVID-19.

The hearing is unable to be heard in person due to the current COVID-19 restrictions the New Zealand
Government has in place to eliminate its spread.

The hearing will now be on Wednesday 3 June and Thursday 4 June 2020.

Synlait CEO Leon Clement commented: “It is understandable that the Supreme Court of New Zealand has
deferred our case given the unprecedented times we find ourselves in. We are all working collectively to
eliminate Covid-19 and the health and wellbeing of New Zealanders takes priority.”

Background

• In February 2018, Synlait announced the conditional purchase of 28 hectares of land in Pokeno, a
small town in the Waikato District, to establish its second nutritional powder manufacturing site.

• In November 2018, the High Court removed covenants over the land which would have hindered
Synlait’s development of the land. Synlait then took title to the land.

• In May 2019, the Court of Appeal overturned the High Court decision to remove the historic
covenants.

• In June 2019, Synlait filed an application for leave to appeal to the Supreme Court to have this
decision overturned.

• In October 2019, the Supreme Court held an oral hearing to decide whether the case would be
heard.

• In November 2019, the Supreme Court announced it would hear the case in April 2020.

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