Notice of on-market share buyback

1
Notice of acquisition of shares under on-market share buyback programme announced on
16 March 2023

Section 1: Issuer information
Name of issuer
Fonterra Co-operative Group
Limited (Fonterra)
NZX ticker code FCG
Class of financial product Ordinary shares
ISIN NZFCGE0001S7
Currency NZD
Section 2: Capital change details
Number acquired 50,000 ordinary shares
Nominal value (if any) Not applicable
Acquisition price per security $2.700 (average)
Nature of the payment Cash
Amount paid up (if not in full) Paid in full
Percentage of total class of Financial Products acquired 0.0031%
Reason for acquisition and specific authority for acquisition
On-market share acquisition
under Board-approved buyback
programme of which details
were announced on 16 March
2023
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
1,609,244,669 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 15
March 2023
FSM Rule 3.12.1(a)
Terms or details of the acquisition Shares acquired will be
cancelled
Date of acquisition 26 April 2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Anya Wicks, Company
Secretary
Contact person for this announcement
Simon Till, Director Capital
Markets
Contact phone number +64 21 777807
Contact email address investor.relations@fonterra.com
Date of release through MAP

27 April 2023
The identity of the seller or sellers (and the beneficial owner or owners) of the ordinary shares in
Fonterra is not known to Fonterra.