Disclosure of relevant interests

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
The a2 Milk Company Limited (ATM)
Date this disclosure made:
27-Feb-24
Date of last disclosure:
29-Nov-23
Director or senior manager giving disclosure
Full name(s):Kevin Bush
Name of listed issuer:
The a2 Milk Company Limited
Name of related body corporate (if applicable):N/A
Position held in listed issuer:Managing Director – USA
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Fully paid ordinary shares in ATM
(Ordinary Shares).
Nature of the affected relevant interest(s):
Registered holder and beneficial
owner
For that relevant interest-
Number held in class before acquisition or disposal:
166,376 Ordinary Shares (Note
existing relevant interests in other
securities on the following page)
Number held in class after acquisition or disposal:
121,876 Ordinary Shares (Note
existing relevant interests in other
securities on the following page)
Current registered holder(s):
Kevin Bush
Registered holder(s) once transfers are registered:
Kevin Bush
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative: N/A
Class of underlying financial products:
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative(if any):
The price specified in the terms of the derivative (if any):
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
For that derivative,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
4
Details of transactions requiring disclosure-
Date of transaction:
(1) 21/02/2024
(2) 22/02/2024
(3) 26/02/2024
(4) 27/02/2024

Nature of transaction:
On market sale of 44,500 Ordinary
Shares to meet tax liabilities arising in
connection with vesting of
performance rights under ATM's long
term incentive programme, using
broker facilities
Name of any other party or parties to the transaction (if known):
N/A
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
(1) Average price of NZD 6.01 per
Ordinary Share
(2) Average price of NZD 6.24 per
Ordinary Share
(3) Average price of NZD 6.26 per
Ordinary Share
(4) Average price of NZD 6.22 per
Ordinary Share
Number of financial products to which the transaction related:
(1) 14,500 Ordinary Shares
(2) 15,000 Ordinary Shares
(3) 7,500 Ordinary Shares
(4) 7,500 Ordinary Shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
No
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
Unlisted performance rights
(Performance Rights) representing
an entitlement to acquire fully paid
ordinary shares in ATM (Ordinary
Shares).
Nature of relevant interest:
(1) Registered holder and beneficial
owner
(2) and (3) Spouse of registered holder
and beneficial owner
For that relevant interest,-
Number held in class:
(1) 91,157 Performance Rights due to
vest on a date to be determined by the
Board following the release of ATM’s
full year audited results for FY2024
provided certain performance
conditions are met.
(2) 93,166 Performance Rights due to
vest on a date to be determined by the
Board following the release of ATM’s
full year audited results for FY2025
provided certain performance
conditions are met.
(3) 138,297 Performance Rights due
to vest on a date to be determined by
the Board following the release of
ATM’s full year audited results for
FY2026 provided certain performance
conditions are met.
Current registered holder(s):
(1) Kevin Bush
(2) and (3) Jennifer O'Brien
For a derivative relevant interest,-
Type of derivative:
N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A

A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative (if any):
The price's specified terms (if any):
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
For that derivative relevant interest,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.
Signature of director or officer:
Date of signature:27-Feb-24
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person: