Capital Change Notice and ASX Daily buy-back notification

Capital Change Notice

07/12/22
Acquisition of Ordinary Shares
This notice is given under NZX Listing Rule 3.13.1 and s.65(2) of the Companies Act 1993, and relates to the acquisition of
ordinary shares in The a2 Milk Company Limited (‘the Company’) under the on-market share buyback programme
announced by the Company to the market on 29 August 2022.
Section 1: Issuer information
Name of issuer The a2 Milk Company Limited
NZX ticker code ATM
Class of Financial Product Ordinary Shares
ISIN NZATME0002S8
Currency NZD
Section 2: Capital change details
Number acquired
557,665 ordinary shares
Nominal value (if any)
Not Applicable
Acquisition price per security
NZ$6.7220 (average) in respect of 106,480 ordinary
shares acquired on the NZX
A$6.3599 (average) in respect of 451,185 ordinary shares
acquired on the ASX
Nature of the payment
Cash
Amount paid up (if not in full)
Paid in full
Percentage of total class of Financial Products
acquired
0.0758%
Reason for acquisition and specific authority for
acquisition
Acquisition under Board approved buyback programme
announced on 29 August 2022
Total number of Financial Products of the Class after
the acquisition (excluding Treasury Stock) and the
total number of Financial Products of the Class held
as Treasury Stock after the acquisition
734,786,408 ordinary shares
None held as treasury stock
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
No
Specific authority for the acquisition, including a
reference to the rule pursuant to which the
acquisition is made
Board resolution dated 27 August 2022
NZX Listing Rule 4.14.1(a)
Terms or details of the acquisition
Shares acquired will be cancelled
Date of acquisition
06/12/22
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Jaron McVicar, Chief Legal and Sustainability Officer &
Company Secretary
Contact person for this announcement Jaron McVicar
Contact phone number +61 2 9697 7000
Contact email address Jaron.McVicar@a2milk.com
Date of release through MAP

07/12/22
The identity of the seller or sellers (and the beneficial owner or owners) of the ordinary shares of the Company is not
known to the Company.

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Announcement Summary
Name of entity
THE A2 MILK COMPANY LIMITED
Announcement type
Update announcement
Type of update
Date of this announcement
7/12/2022
Reason for update
Daily buy-back notification
ASX Security code and description of the class of +securities the subject of the buy-back
A2M : ORDINARY FULLY PAID
The type of buy-back is:
Total number of +securities bought back before previous day
8,312,455
Total number of +securities bought back on previous day
557,665
Refer to next page for full details of the announcement
On market buy-back
Daily buy-back notification

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Notification of buy-back
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Part 1 - Entity and announcement details
1.1 Name of entity
THE A2 MILK COMPANY LIMITED
We (the entity named above) provide the following information about our buy-back.
1.2 Registration number type
ARSN
Registration number
158331965
1.3 ASX issuer code
A2M
1.4 The announcement is
1.4a Type of update
1.4b Reason for update
Daily buy-back notification
1.4c Date of initial notification of buy-back
30/9/2022
1.4d Date of previous announcement to this update
2/12/2022
1.5 Date of this announcement
7/12/2022
1.6 ASX Security code and description of the class of +securities the subject of the buy-back
A2M : ORDINARY FULLY PAID
Daily buy-back notification
Update/amendment to previous announcement

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Part 2 - Type of buy-back
2.1 The type of buy-back is:
On market buy-back

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Part 3 - Buy-back details
Part 3A - Details of +securities, price and reason
3A.1 Total number of +securities on issue in the class of
+securities to be bought back
743,656,528
3A.4 Does the entity intend to buy back a minimum
number of +securities
3A.5 Does the entity intend to buy back a maximum
number of securities
3A.5a Maximum number of securities proposed to be
bought back
37,180,621
3A.6 Name of broker or brokers who will offer to buy back +securities on the entity's behalf
Broker name:
Goldman Sachs Australia Pty Ltd
3A.9 Are the +securities being bought back for a cash consideration?
3A.9a Is the price to be paid for +securities bought back known?
3A.9a.1 In what currency will the buy-back consideration
be paid?
AUD - Australian Dollar
Part 3B - Buy-back restrictions and conditions
3B.1 Does the buy-back require security holder
approval?
No
Yes
Yes
No

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Part 3C - Key dates
On-market buy-back
3C.2 Proposed buy-back start date
5/10/2022
3C.3 Proposed buy-back end date
28/8/2023
Part 3D - Other Information
3D.1 Any other information the entity wishes to notify to ASX about the buy-back
Pursuant to ASX Listing Rule 7.36, the ASX has set the following requirements.
1.For any on-market buy-back of shares on ASX or Cboe Australia, comply with Listing Rules 7.29 and 7.33; and
2.For any on-market buy-back of shares on NZX, comply with Listing Rules 7.29 and 7.33 as if the reference to
`ASX¿ in Listing Rule 7.29 is replaced with `NZX¿ and the definition of `volume weighted average market price¿ in Listing
Rule 7.33 refers only to the trading of securities on NZX
No

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Part 4 - Daily buy-back notification
A daily buy-back notification must be submitted for Employee share scheme, On-market, Equal access share scheme and
Other buy-backs at least half an hour before the commencement of trading on the +business day after any day on which
+securities are bought back (per listing rule 3.8A)

Please verify if the pre-populated values are accurate as they are only indicative based on previous online submissions.
The pre-populated values may not be accurate if previous online submissions are still in-flight or in case of announcements
made via a MS Word form.

Whilst you may over-ride a pre-populated value, once over-ridden it will not be possible to retrieve the previously
pre-populated value.
4.1 Date of this notification
7/12/2022
4.2 Previous day on which +securities were bought back
6/12/2022
Before previous dayOn previous day
4.3 Total number of +securities bought back, or in
relation to which acceptances have been received
8,312,455557,665
4.4 Total consideration paid or payable for the
+securities
AUD 43,995,454.87000AUD 2,869,491.48000
4.5 Highest price paid
AUD 6.36000000AUD 6.42000000
Date highest price was paid:
1/12/2022
4.6 Lowest price paid
AUD 5.45000000AUD 6.25000000
Date lowest price was paid:
7/11/2022
4.7 Highest price allowed to be paid by entity on the previous day under listing rule 7.33:
AUD 6.54440000
4.8 If the entity has disclosed an intention to buy back a maximum number of +securities, the remaining number of
+securities to be bought back as at the end of the previous day
28,310,501