Results Announced for the 2017 FSF Election

Fonterra Shareholders' Fund is pleased to announce that the following resolution was passed at its Annual Meeting of unit holders held in Auckland today. Resolution 1: Philippa Jane Dunphy was re-elected as a director -ENDS- Andrew Cordner Company Secretary - Fonterra Shareholders' Fund FSF Management Company Ltd (Australian Registered Business Number 190 539 935, incorporated in New Zealand) is the Manager of the Fonterra Shareholders' Fund taf@fonterra.com Phone +64 9 374 9000 Private Bag 92032, Auckland, 1142 New Zealand; Fonterra Centre, 109 Fanshawe Street, Auckland, 1010 New Zealand www.fonterra.com End CA:00309770 For:FSF Type:MEETING Time:2017-11-03 14:01:23