Updated Appendix 3A.1

Fonterra Shareholders' Fund has updated the attached Appendix 3A.1 Notification of dividend/distribution which was previously submitted to the ASX as required by the ASX listing rules. This update was to add the AUD exchange rate used for the Distribution Reinvestment Plan. Dates and times referred to in this Appendix are Australian Eastern Standard Time. For further details please refer to the Distribution Reinvestment Plan booklet available at: http://www2.fonterra.com/our-financials/dividends Simon Till Director Capital Markets End CA:00308883 For:FCG Type:OFFER Time:2017-10-18 13:36:40