Amended Distribution Notice

Confidential to Fonterra Co-operative Group Page 1

Distribution Notice
Section 1: Issuer information
Name of issuer
Fonterra Co-operative Group Limited
Financial product name/description Fonterra Co-operative Group Limited Shares
NZX ticker code FCG
ISIN (If unknown, check on NZX website) NZFCGE000157
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year X Quarterly
Half Year Special
DRP applies X
Record date 25/09/2020
Ex-Date (one business day before the
Record Date)
24/09/2020
Payment date (and allotment date for DRP) 15/10/2020
Total monies associated with the
distribution
1

$80,604,853
Source of distribution (for example, retained
earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution
2
0.05000000
Gross taxable amount
3
0.05000000
Total cash distribution
4
0.05000000
Excluded amount (applicable to listed PIEs) $-
Supplementary distribution amount $-

1
Continuous issuers should indicate that this is based on the number of units on issue at the date of the form
2
“Gross distribution” is the total cash distribution plus the amount of imputation credits, per financial product, before the deduction of Resident
Withholding Tax (RWT).
3
“Gross taxable amount” is the gross distribution minus any excluded income.
4
“Total cash distribution” is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT. This should include
any excluded amounts, where applicable to listed PIEs.

Fonterra Co-operative Group
Confidential to Fonterra Co-operative Group Page 2

Section 3: Imputation credits and Resident Withholding Tax
5

Is the distribution imputed Fully imputed
Partial imputation
No imputation
If fully or partially imputed, please state
imputation rate as % applied
6

N/A
Imputation tax credits per financial product N/A
Resident Withholding Tax per financial
product
0.01650000
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any) 2.5%
Start date and end date for determining
market price for DRP
24/09/2020 30/09/2020
Date strike price to be announced (if not
available at this time)
01/10/2020
Specify source of financial products to be
issued under DRP programme (new issue
or to be bought on market)
New issue
DRP strike price per financial product N/A – available on 01/10/2020
Last date to submit a participation notice for
this distribution in accordance with DRP
participation terms
28/09/2020
Section 5: Authority for this announcement
Name of person authorised to make this
announcement
Anya Wicks
Contact person for this announcement Anya Wicks
Contact phone number (09) 374 9341
Contact email address Anya.wicks@fonterra.com
Date of release through MAP 18/09/2020

Audited financial statements accompany this announcement.

5
The imputation credits plus the RWT amount is 33% of the gross taxable amount for the purposes of this form. If the distribution is fully imputed the
imputation credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute advice as to whether or not RWT
needs to be withheld.
6
Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.