Disclosure of Relevant Interests

NZX�
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:
Date this disclosure made:
Date of last disclosure:
Director or senior manager giving disclosure
Full name(s):
Name of listed issuer:
Name of related body corporate (if applicable):
Position held in listed issuer:
The a2 Milk Company Limited ("ATM")
15/03/2021
13/03/2020
Blake T. Waltrip
The a2 Milk Company Limited
N/A
Chief Executive USA
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Nature of the affected relevant interest( s ):
For that relevant interest-
Number held in class before acquisition or disposal:
Number held in class after acquisition or disposal:
Current registered holder(s):
Registered holder(s) once transfers are registered:
(1)Ordinary Shares.
(2) Unlisted performance rights
representing an entitlement to acquire
Ordinary Shares in the Company
I (Performance Riahts).
( 1) Legal and beneficial owner.
1(2) Legal and beneficial owner.
(1) 67,246 Ordinary Shares
(2) 40,900 Performance Rights vested in
March 2021.
(3) 19,956 Performance Rights due to vest
in August 2021 provided certain
performance conditions are met.
(4) 29,843 Performance Rights due to vest
in August 2022 provided certain
performance conditions are met.
(1) 95,800 Ordinary Shares
(2) 19,956 Performance Rights due to vest
in August 2021 provided certain
performance conditions are met.
(3) 29,843 Performance Rights due to vest
in August 2022 provided certain
performance conditions are met.
Blake T. Waltrip
Blake T. Waltrip
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:
Details of transactions requiring disclosure-
Date of transaction:
Nature of transaction:
Name of any other party or parties to the transaction (if known):
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:
Number of financial products to which the transaction related:
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:
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
Nature of relevant interest:
For that relevant interest,-
Number held in class:
Current re istered holder s :
For a derivative relevant interest,-
!Type
of derivative:
8/3/2021
( 1) Vesting and automatic exercise of
40,900 Performance Rights under the
Company's FY18 Long Term Incentive
Plan, resulting in
(i) 28,554 Ordinary Shares being acquired
by Blake Waltrip; and
(ii) 12,346 Ordinary Shares being withheld
by Pacific Custodians Pty Limited, in its
capacity as the trustee of the a2MC Group
Employee Share Trust (Trust), to satisfy
the employer requirement to meet United
States withholding tax obligations in
connection with the vesting and automatic
exercise of Blake Waltrip's 40,900 FY18
Performance Rights. Blake Waltrip has no
relevant interest in the 12,346 Ordinary
Shares that were withheld by the Trust.
Pacific Custodians Pty Limited in its
capacity as trustee of the a2MC Group
Employee Share Trust
Nil.
40,900 Performance Rights.