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Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 Please be advised this notice is a correction to the last notice submitted on 21 March 2017. The shareholder disclosure dated 21 March 2017 submitted by the Commonwealth Bank of Australia incorrectly stated the cessation date, the number of shares held in class, and total percentage held in class. This corrected and restated disclosure is being submitted to provide an accurate statement of shares held for public record. To NZX Limited and To Fonterra Shareholders' Fund Units Date this disclosure made: 7 April 2017 Date last disclosure made: 20 July 2016 Date on which substantial holding ceased: 23 March 2017 Substantial product holder(s) giving disclosure Full name(s): Commonwealth Bank of Australia Summary of substantial holding Class of quoted voting products: Units Summary for Commonwealth Bank of Australia For last disclosure,-- (a) total number held in class: 5,772,618 (b) total in class: 105,788,319 (c) total percentage held in class: 5.457% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 6,073,759 (b) total in class: 124,776,981 (c) total percentage held in class: 4.868% Additional information Addresses of substantial product holder(s): - Commonwealth Bank of Australia, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW 2000, Australia - ASB Bank Limited, 12, Jellicoe Street, Auckland, New Zealand, Level 2, ASB North Wharf, 12 Jellicoe Street, Auckland, 1010 , New Zealand - ASB Group Investments Limited, 12 Jellicoe Street, Auckland, 1010, New Zealand - Avanteos Investments Limited, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000, Australia - Colonial First State Investments Limited, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000, Australia - Colonial First State Asset Management (Australia) Limited, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW 2000, Australia Contact details: Renato Stupar, +61 (0) 475 945 221, AUSR_SM02041@cba.com.au Nature of connection between substantial product holders: Commonwealth Bank of Australia is a related body corporate of - ASB Bank Limited - ASB Group Investments Limited - Avanteos Investments Limited - Colonial First State Investments Limited - Colonial First State Asset Management (Australia) Limited Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: [not applicable] Certification I, Clare McManus, 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. End CA:00299615 For:FSF Type:SSH Time:2017-04-07 17:27:28