Fonterra confirms timeline for capital return payment

9 August 2023

Fonterra confirms timeline for capital return payment

Fonterra has today received final orders from the High Court sanctioning the scheme of arrangement
(Scheme) that farmers voted through at the Co-operative’s Special Meeting last month.

Fonterra can now confirm the following key dates for the capital return of 50 cents per share:

• Record Date: 9:00pm on 16 August 2023
• Implementation Date: 17 August 2023
• Payment Date: 18 August 2023


As previously communicated, the NZX has approved a three-day administrative trading halt in respect of
Fonterra's shares listed on the Fonterra Shareholders' Market. The trading halt will apply from market
open on 15 August 2023 through until the close of trading on 17 August 2023. This is to ensure all trades
have settled before the Record Date and to allow time to update Fonterra's share register on the
Implementation Date.

An application will be made to request that trading in FSF's securities on the NZX Main Board and the
ASX be halted for the same period. This is to allow all trades of units to settle before the Record Date in
order to determine the unit holders (and their respective holdings of units) who are to receive payment.


ENDS

For further information contact:

Fonterra Communications
24-hour media line
Phone: +64 21 507 072

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Corporate Action Notice
(Other than for a Distribution)
Updated June 2023

Page 1 of 2
Section 1: Issuer information (mandatory)
Name of issuer Fonterra Co-operative Group Limited
Class of Financial Product Fonterra Co-operative Group Limited Shares
NZX ticker code FCG
ISIN (If unknown, check on NZX
website)
NZFCGE0001S7
Name of Registry Computershare Investor Services Limited
Type of corporate action
(Please mark with an X in the relevant
box/es)
Share Purchase
Plan/retail offer
Renounceable
Rights issue or
Accelerated
Offer

Capital
reconstruction
X non-
Renounceable
Rights issue or
Accelerated
Offer

Call Bonus issue
Record date 16/08/2023
Ex Date (one business day before the
Record Date)
15/08/2023
Currency NZD
Section 2: Capital reconstruction

Nature of capital reconstruction
(Please mark with an X in
applicable box)
Financial Product
Split
Financial
Product
Consolidation

Other X Amalgamation
Ratio (for example 1 for 2) New 1 Existing 6
Treatment of fractions
**
Rounded up or down to the nearest whole number (with
0.5 rounded up).
Number of Financial Products to be
issued/ redeemed
One (1) in every six (6) shares held by each shareholder
will be repurchased by Fonterra and cancelled. As such,
268,207,445 shares are estimated to be repurchased and
cancelled (to be determined after rounding).

At the same time, one share held by each shareholder
which is not repurchased by Fonterra will be subdivided
into such number of shares as were repurchased from
that shareholder, plus one (1).

2 of 2
Total number of Financial Products
of the Class after the capital
reconstruction (excluding Treasury
Stock)
1,609,244,669 (the same as before the capital
reconstruction)
Total number of Financial Products
of the Class held as Treasury
Stock after the capital
reconstruction
Nil (the same as before the capital reconstruction)
Per Financial Product amount (if
cash reconstruction)
$3.00 for each share repurchased and cancelled
Payment date (if cash
reconstruction)
18 August 2023
Allotment date 17 August 2023 (being the date of the share repurchase
and subdivision)
Section 7: Authority for this announcement (mandatory)
Name of person authorised to make this
announcement
Anya Wicks
Contact person for this announcement Anya Wicks
Contact phone number 09 374 9341
Contact email address Anya.wicks@fonterra.com
Date of release through MAP 09/08/2023