Resignation of Synlait Director

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







NZX: SML
ASX: SM1

11 May 2026

Resignation of Synlait Director

Synlait Milk Limited (Synlait) advises that Independent Director Paul McGilvary has provided notice of his
resignation from the Board.

Paul has served as a Director of Synlait since 2022 and has made a substantial contribution to the company
during a particularly challenging and important period in its history. During his tenure, Paul held several key
leadership roles, including Chair of the People, Environment and Governance Committee, Acting Chair of the
Board and Chair of the Dairyworks advisory Board. His experience, judgement and steady leadership have
been highly valued by the Board and management.

The Board expresses its sincere gratitude to Paul for his dedication, leadership and service to Synlait, and
wishes him the best for his retirement.

Under Synlait’s Constitution and the NZX Listing Rules, the company is required to have two Independent
Directors. Synlait’s Nominations Sub‑Committee commenced a search for a new Independent Director earlier
this year and will provide a further update prior to Paul’s resignation becoming effective.

Paul’s resignation is effective from Monday, 18 May 2026.

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

Media
Jo Scott
Corporate Affairs Manager
E: jo.scott@synlait.com
P: +64 21 883 123