Capital Change Notice and ASX Final buy-back notification

Capital Change Notice


20/03/23
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
42,649 ordinary shares
Nominal value (if any)
Not Applicable
Acquisition price per security
NZ$6.7929 (average) in respect of 42,649 ordinary shares
acquired on the NZX
Nature of the payment
Cash
Amount paid up (if not in full)
Paid in full
Percentage of total class of Financial Products
acquired
0.0059%
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
721,976,214 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
17/03/23
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
20/03/23
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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NZX Code: ATM
ASX Code: A2M

The a2 Milk Company Limited
www.thea2milkcompany.com

20 March 2023
NZX/ASX Market Release
a2MC completes on-market share buyback
The a2 Milk Company (“the Company”, “a2MC”) advises that it has completed its on-market share buyback
programme. The Company announced on 29 August 2022 that it intended to undertake a capital return of up to
NZ$150 million through an on-market share buyback and the buyback programme commenced on
7 November 2022.
Over the course of the buyback programme, a2MC acquired 21,680,314 shares, representing 2.9% of issued
capital. The average price for the purchases was NZ$6.87 per share (excluding brokerage costs), for a total
consideration of approximately NZ$149 million (including brokerage costs). The acquired shares have been
cancelled and the total outstanding ordinary shares in the Company following the completion of the buyback is
721,976,214.
As a result of the buyback programme, the Company has further reduced its Share Capital in its Consolidated
Statement of Financial Position and expects to report Share Capital of approximately NZ$100,000 for FY23 (F22:
NZ$149,157,000).
The final Capital Change Notice and ASX Final Buy-back notification have been lodged with the NZX and the ASX
and are available on the Company’s website.

Authorised for release by
David Bortolussi
Managing Director and Chief Executive Officer
The a2 Milk Company Limited

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



Anna Guan
Investor Relations Manager
M +61 430 166 872
anna.guan@a2milk.com
Media
Rick Willis
M +61 411 839 344
rick@networkfour.com.au
Media – New Zealand
Barry Akers
M +64 21 571 234
akers@senescallakers.co.nz