Financial Assistance for Enforced Compliance Trading

1 February 2024

Provision of Financial Assistance for Enforced Compliance Trading

Fonterra Co-operative Group Limited (Co-operative) advises that in accordance with clause 4 of its
Constitution, it has arranged the purchase of shares for 40 shareholders who held less than their
minimum required shareholding for the 2023/24 season as at 1 December 2023.

In arranging the purchase of those shares, the Co-operative has advanced financial assistance to the
relevant recipients.

The Co-operative therefore provides this announcement pursuant to section 80 of the Companies Act
1993.

In accordance with its Constitution, the Co-operative will deduct the full amount of the financial assistance,
being the cost of the shares and administration costs, together with interest, from the milk payments for
the relevant shareholder recipients.

Financial assistance

Shares in respect of which
the financial assistance
has been provided
268,977 Co-operative Shares
Consideration paid for the
Shares
NZD658,993.65
Recipients of the financial
assistance
Shareholders who held less than their minimum required
shareholding for the 2023/24 season as at 1 December
2023, and who had not purchased those required shares as
at the date enforced compliance trading commenced.
Nature and amount of the
financial assistance
The cost of the shares and administration costs (including
brokerage of NZD10,283.46) all of which will be deducted
from the milk payments for the relevant recipients.


ENDS

For further information contact:

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