Synlait increases forecast milk price for 2024/2025 season

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

NZX: SML
ASX: SM1


5 September 2024

Synlait increases forecast milk price for 2024/2025 season

Synlait Milk Limited (Synlait) has increased its forecast base milk price for the 2024/2025 season.

The forecast for the 2024/2025 season has increased to $8.60 per kgMS, up from $8.00 per kgMS.
Despite the forecast increase, Synlait continues to take a conservative approach to its 2024/2025 forecast,
given the exposure to volatile future global dairy commodity prices at the beginning of the season.

Retention of Synlait's milk supply remains a critical priority for the company. Synlait is committed to
delivering a competitive milk price and advanced rate profile, which has also been lifted for 2024/2025 to
ensure the company's on-farm offering remains attractive to farmer suppliers.

Synlait will continue to monitor future forecast movements and update farmer suppliers as needed.

Synlait’s final milk price for the 2023/2024 season will be confirmed when the company’s full-year result is
released on 30 September 2024.

Forecasts are based on the best information available to Synlait at the time.

For more information contact:
Hannah Lynch
Head of Strategy & Corporate Affairs
P: +64 21 252 8990
E: hannah.lynch@synlait.com