Amended SPH Notice – Macquarie Group Limited

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 To NZX Limited and To a2 Milk Company Ltd Relevant event being disclosed: Disclosure of movement of 1% or more in substantial holding Date of relevant event: 29 August 2017 Date this disclosure made: 31 August 2017 Date last disclosure made: 4 August 2017 Substantial product holder(s) giving disclosure Full name(s): Macquarie Group Limited Summary of substantial holding Class of quoted voting products: a2 Milk Company Ltd Ordinary Shares Summary for Macquarie Group Limited For this disclosure,-- (a) total number held in class: 45,623,388 Macquarie Bank Limited - 40,256,918 Macquarie Investment Management Australia Limited - 5,140,001 Macquarie Funds Management Hong Kong Limited - 215,162 Macquarie Life Limited - 100 MQ Specialist Investment Management Limited - 11,207 (b) total in class: 723,089,086 (c) total percentage held in class: 6.30% For last disclosure,-- (a) total number held in class: 726,988,067 (b) total in class: 38,039,690 (c) total percentage held in class: 5.23% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: per attached. Additional information Address(es) of substantial product holder(s): Level 6, 50 Martin Place, Sydney, New South Wales, Australia, 2000. Contact details: Agnes Mei Morrison, +61 2 8232 7227 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: N/A Certification I, Paula Walsh, 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:00306673 For:ATM Type:SHINTR Time:2017-09-05 08:30:31