Notice of conversion

NZX Code: ATM
ASX Code: A2M
The a2 Milk Company Limited
www.thea2milkcompany.com
20 October 2023
NZX/ASX Market Release
Notice regarding Conversion of Financial Products
For the purposes of NZX Listing Rule 3.15.2 and ASX Listing Rule 3.10.7, The a2 Milk Company Limited (NZX: ATM,
ASX: A2M) provides notice that the following securities have become convertible into fully paid ordinary shares in
connection with the Long Term Incentive Plan (LTI Plan), and have been converted, as set out below.
No new ordinary shares have been issued in connection with the conversion.
(a) Number of Financial Products converted
and the number and Class of Quoted
Financial Products into which they have
been converted:
147,111 performance rights (ASX: A2MAE) converted
into 147,111 ordinary shares, resulting in that number of
ordinary shares being transferred by the trustee of the
a2MC Group Employee Share Trust (Share Trust) to the
relevant LTI Plan participants.
The ordinary shares were acquired on-market by the
trustee of the Share Trust to satisfy employee incentives.
(b) Event giving rise to the right of
conversion:
Issue of allocation and vesting notification on behalf of
the Board following satisfaction of the vesting conditions.
(c) Details of any interest or dividend
conditions attaching to the Financial
Products into which they have been
converted:
None
(d) Number of Financial Products of the same
Class remaining to be converted:
4,230,126 performanc rights (ASX: A2MAE)
(e) Conversion period: None (automatic conversion)
(f) Date of conversion: 20 October 2023

Authorised for release by:
Jaron McVicar
Chief Legal and Sustainability Officer & Company Secretary
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

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
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Announcement Summary
Entity name
THE A2 MILK COMPANY LIMITED
Date of this announcement
Friday October 20, 2023
The +securities the subject of this notification are:
Total number of +securities to be issued/transferred
ASX +security
codeSecurity description
Total number of
+securities to be
issued/transferredIssue date
A2MORDINARY FULLY PAID147,11120/10/2023
Refer to next page for full details of the announcement
Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

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Equity Securities
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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) give notice of the issue, conversion or payment up of the following unquoted +securities.
1.2 Registered number type
ARBN
Registration number
158331965
1.3 ASX issuer code
A2M
1.4 The announcement is
1.5 Date of this announcement
20/10/2023
New announcement

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Part 2 - Issue details
2.1 The +securities the subject of this notification are:
2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other
+convertible securities being converted are:
securities that have already been quoted on ASX ("existing class")
Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to
ASX in an Appendix 3B
The right of the holder of the options or other +convertible securities to receive the +underlying securities is being
satisfied by:
The underlying securities being received by the holder are:
Existing +securities converting into an existing class
FROM (Existing Class)
ASX +Security code and description
A2MAD : PERFORMANCE RIGHT
TO (Existing Class)
ASX +Security code and description
A2M : ORDINARY FULLY PAID
Please state the number of options
that were exercised or other
+convertible securities that were
converted
147,111
The first date the options were
exercised or other +convertible
securities were converted
20/10/2023
The last date the options were
exercised or other +convertible
securities were converted
20/10/2023
Is this all of the options or other +convertible securities on issue of that type?
Were the options being exercised or other +convertible securities being converted issued under an +employee
incentive scheme?
Are any of the options being exercised or other +convertible securities being converted held by +key management
personnel (KMP) or an +associate?
Date the +securities the subject of this notification were issued/transferred
20/10/2023
Any other information the entity wishes to provide about the +securities the subject of this notification
No
Yes
No
Already quoted by ASX
A transfer of existing +securities

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Equity Securities
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Issue details
Number of +securities
147,111

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Equity Securities
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Part 4 - +Securities on issue
Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of
the entity will comprise:
(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one
application for quotation/issuance currently with ASX for processing.)
4.1 Quoted +Securities (Total number of each +class of +securities quoted)
ASX +security code and description
Total number of
+securities on issue
A2M : ORDINARY FULLY PAID722,934,808
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
ASX +security code and description
Total number of
+securities on issue
A2MAD : PERFORMANCE RIGHT4,230,126

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Notification of cessation of +securities
Notification of cessation of +securities
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Announcement Summary
Entity name
THE A2 MILK COMPANY LIMITED
Announcement Type
New announcement
Date of this announcement
Friday October 20, 2023
Details of +securities that have ceased
ASX +security
codeSecurity description
Number of
+securities that
have ceased
The +securities have
ceased due to
Date of
cessation
A2MADPERFORMANCE RIGHT55,676Other20/10/2023
Refer to next page for full details of the announcement

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Part 1 - Announcement Details
1.1 Name of +Entity
THE A2 MILK COMPANY LIMITED
We (the entity named above) provide the following information about our issued capital.
1.2 Registered Number Type
ARBN
Registration Number
158331965
1.3 ASX issuer code
A2M
1.4 The announcement is
1.5 Date of this announcement
20/10/2023
New announcement

Notification of cessation of +securities
Notification of cessation of +securities
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Part 2 - Details of +equity securities or +debt securities that have ceased
ASX +Security Code and Description
A2MAD : PERFORMANCE RIGHT
Unquoted +equity securities that have ceased
Number of securities that have ceased
55,676
Reason for cessation
Other
Please provide additional details
Cancellation to account for tax withholding on exercise of performance rights
Date of cessation
20/10/2023
Is the entity paying any consideration for the cessation?
Any other information the entity wishes to notify to ASX about the cessation?
No

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Part 3 - Issued capital following changes
Following the cessation of the +securities the subject of this notification, the issued capital of the entity will
comprise:
3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)
ASX +security code and description
Total number of
+securities on issue
A2M : ORDINARY FULLY PAID722,934,808
3.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX)
ASX +security code and description
Total number of
+securities on issue
A2MAD : PERFORMANCE RIGHT4,321,561
Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by
ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in
ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class
of +security in Part 2 of this form.