Results of Shareholder voting at Fonterra Annual Meeting

2 November 2017 RESULTS OF SHAREHOLDER VOTING AT FONTERRA ANNUAL MEETING Fonterra shareholders have voted to pass all six ordinary resolutions at this year's Annual Meeting. The results of the resolutions are: % in favour Resolution 1: Approval of remuneration of Directors 74.75% Resolution 2: Approval of remuneration of Shareholders' Councillors 79.19% Resolution 3: Approval of remuneration of Members of Directors' Remuneration Committee 82.02% Resolution 4: Appointment of PricewaterhouseCoopers as auditor and authorisation of the Directors to fix the auditor's remuneration 92.51% Resolution 5: Ratification of appointment of Mr Bruce Hassall 94.24% Resolution 6: Approval of Shareholders' Council programme and budget 91.90% -ENDS- For further information contact: Daniel Wrigley Fonterra Communications Phone: +64 21 820 679 24-hour media line Phone: +64 21 507 072 End CA:00309690 For:FSF Type:MEETING Time:2017-11-02 14:58:04