Update – Acquisition of 75% interest in Mataura Valley Milk

NZX Code: ATM
ASX Code: A2M

The a2 Milk Company Limited
www.thea2milkcompany.com

5 July 2021
NZX/ASX Market Release

Update on acquisition of 75% interest in Mataura Valley Milk

The a2 Milk Company (a2MC) is pleased to confirm that the New Zealand Overseas Investment Office (OIO)
has issued its consent to a2MC’s proposed acquisition of a 75% interest in Mataura Valley Milk (MVM), a
dairy nutrition business, located in Southland, New Zealand.
Completion of the transaction is now to set to occur with effect from the end of July.
As previously advised, the proposed acquisition will provide the opportunity for a2MC to participate in
nutritional products manufacturing, provides supplier and geographic diversification, and strengthens our
relationship with key partners in China.
A key feature of a2MC’s proposed investment in MVM is that MVM’s current majority shareholder, China
Animal Husbandry Group (CAHG), will retain a 25% interest in MVM alongside a2MC. CAHG is a wholly
owned subsidiary of China National Agriculture Development Group Co., Ltd, which is also the parent
company of a2MC’s strategic logistics and distribution partner in China, CSFA Holdings Shanghai, Co., Ltd.
(China State Farm).
A further update on the acquisition will be provided at the time of the announcement of a2MC’s full year
results in August.

Authorised for release by the Board of Directors

David Bortolussi
Managing Director and Chief Executive Officer
The a2 Milk Company Limited

For further information, please contact:
Investors / Analysts
David Akers
Head of Investor Relations
M +61 412 944 577
david.akers@a2milk.com


Rebecca Culbertson
Senior Analyst Investor Relations
M +61 400 955 295
rebecca.culbertson@a2milk.com
Media – New Zealand
Barry Akers
M +64 21 571 234
akers@senescallakers.co.nz
Media - Australia
Rick Willis
M +61 411 839 344
rick@networkfour.com.au