LIC completes divestment of automation business

Private Bag 3016
Hamilton 3240
New Zealand

0800 651 156
www.lic.co.nz
LIC is the trading name of Livestock Improvement Corporation Limited
Market Statement
14 June 2021

LIC completes divestment of automation business

Livestock Improvement Corporation (NZX: LIC) confirms it has completed the divestment of its
automation business (NZX announcement, 8 June 2021) to MSD Animal Health, a division of Merck
& Co., Inc., Kenilworth, N.J., USA (NYSE:MRK) on Friday 11 June 2021.


ENDS

Contact
 For shareholder enquiries, phone 0800 264 632
 For media enquiries, contact Ashleigh Sattler (LIC Communications Manager):
Ashleigh.Sattler@lic.co.nz, phone 0276171942.

About LIC
LIC is a farmer-owned co-operative and world leader in pasture based dairy genetics and herd management. LIC exists to deliver
superior genetics and technological innovation to help its shareholders sustainably farm a profitable animal. With origins dating back to
1909, LIC has a long history of developing and delivering world-leading innovations for the dairy industry. The co-op continues to be one
of the sector’s biggest private investors in research and development. Today the New Zealand-based co-op employs more than 700
permanent staff, swelling to 2000 during the spring peak dairy mating season. LIC also has offices in the United Kingdom, Ireland and
Australia. All LIC profit is returned to its farmer owners/shareholders in dividends, or reinvested for new solutions, research and
development. www.lic.co.nz

About LIC Automation
LIC Automation, owned by LIC, manufactures and supplies integrated herd management systems and unique milk testing sensors for the
dairy industry. Automation is an important part of farm performance and herd management, to help dairy farmers improve prosperity and
productivity. The innovative in-shed systems, known as Protrack, simplify complex jobs and improve decision making on-farm, to deliver
improved herd management, animal health and welfare, real-time milk analysis, increased labour efficiency and profit. The proprietary
technology identifies each cow in the milking herd from their ear tags to provide automated drafting, heat detection, body condition
scoring and targeted feeding. The systems also enable real-time animal recording and review, individual cow alerts and live analysis
through milk testing sensors that measure fat, protein, somatic cell counts, lactose, conductivity and volume while a cow is being milked.
The first Protrack system was installed on a New Zealand dairy farm in 2004. Today, more than 2500 NZ dairy farms benefit from this
state of the art technology. LIC Automation was formed in 2015, to amalgamate the co-op’s automation solutions into a single entity. It
currently employs 45 people in sales, R&D and software development roles.

About MSD Animal Health
For more than a century, Merck, a leading global biopharmaceutical company, has been inventing for life, bringing forward medicines and
vaccines for many of the world’s most challenging diseases. Merck Animal Health, a division of Merck & Co., Inc., Kenilworth, N.J., USA,
is the global animal health business unit of Merck. Through its commitment to The Science of Healthier Animals®, Merck Animal Health
offers veterinarians, farmers, pet owners and governments one of the widest ranges of veterinary pharmaceuticals, vaccines and health
management solutions and services as well as an extensive suite of digitally connected identification, traceability and monitoring
products. Merck Animal Health is dedicated to preserving and improving the health, well-being and performance of animals and the
people who care for them. It invests extensively in dynamic and comprehensive R&D resources and a modern, global supply chain.
Merck Animal Health is present in more than 50 countries, while its products are available in some 150 markets.
For more information, visit www.merck-animal-health.com or connect with us on LinkedIn, Facebook, and Twitter at @MerckAH.