FSF Distribution Notice

Distribution Notice
Updated as at June 2023




Section 1: Issuer information
Name of issuer Fonterra Shareholders' Fund
Financial product name/description Fonterra Shareholders' Fund Units
NZX ticker code FSF
ISIN (If unknown, check on NZX
website)
NZFSFE0001S5
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year Quarterly
Half Year Special X
DRP applies
Record date 9/04/2026
Ex-Date (one business day before the
Record Date)
8/04/2026
Payment date (and allotment date for
DRP)
14/04/2026
Total monies associated with the
distribution
1

$ 214,821,968
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution
2
$ 2.00000000
Gross taxable amount
3
$ 0.00000000
Total cash distribution
4
$ 2.00000000
Excluded amount (applicable to listed
PIEs)
$ 2.00000000 (applicable to FSF as a multi-rate PIE)
Supplementary distribution amount N/A
Section 3: Imputation credits and Resident Withholding Tax
5

Is the distribution imputed

Fully imputed
Partial imputation
No imputation

1
Continuous issuers should indicate that this is based on the number of units on issue at the date of the form
2
“Gross distribution” is the total cash distribution plus the amount of imputation credits, per financial product, before the deduction of
Resident Withholding Tax (RWT).
3
“Gross taxable amount” is the gross distribution minus any excluded income.
4
“Total cash distribution” is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT.
This should include any excluded amounts, where applicable to listed PIEs.
5
The imputation credits plus the RWT amount is 33% of the gross taxable amount for the purposes of this form. If the distribution is
fully imputed the imputation credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute
advice as to whether or not RWT needs to be withheld.

If fully or partially imputed, please
state imputation rate as % applied
6

N/A
Imputation tax credits per financial
product
N/A
Resident Withholding Tax per
financial product
$-
Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Anya Wicks
Contact person for this
announcement
Anya Wicks
Contact phone number 09 374 9341
Contact email address Anya.wicks@fonterra.com
Date of release through MAP

31/03/2026






6
Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.