Synlait responds to media article

Synlait Milk Limited · 1028 Heslerton Road, RD13 Rakaia, Canterbury, New Zealand · +643 373 3000 · www.synlait.com



NZX: SML
ASX: SM1
22 August 2024

Synlait responds to media article

Synlait Milk Limited (Synlait) notes the article published by BusinessDesk this morning regarding the
possible sale of raw milk in the North Island to Open Country.

In April, Synlait announced it was undertaking a strategic review of its North Island assets, including
its manufacturing facility in Pokeno and its blending and canning facility in Auckland. The strategic
review was expected to take several months. It is now nearing the final stages. The strategic review
does include consideration of the continued collection and processing of milk in the North Island.
Synlait expects to make a further announcement about the outcome of the broader strategic review
before it releases its full-year results at the end of September.

Synlait reiterates that no decision has been taken as to the outcome of its strategic review. Synlait
will provide any further updates to the market to the extent required in accordance with its
continuous disclosure obligations but will not otherwise respond to any further media speculation.


For more information contact:
Media & Investors
Jo Scott
Communications Lead
P: +64 21 883 123
E: jo.scott@synlait.com