a2MC completes on-market buyback

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