FCG and FSF – Trading Halt of Securities

Memorandum To: Market Participants From: NZX Client and Data Services Date: Friday, 1 December 2017 Subject: Fonterra Co-operative Group Limited ("FCG") and Fonterra Shareholders' Fund ("FSF") - Trading Halt of Securities Message: NZX Regulation ("NZXR") advises that, at the request of the company, it has placed a trading halt on: o Fonterra Co-operative Group Limited ("FCG") and its debt securities ("FCG030", "FCG040", & "FCGHA"); and o Fonterra Shareholders' Fund ("FSF") units. The trading halt was placed pre-market open. The trading halt has been put in place until the earlier of: o the release of an announcement to be made by the company; or o market open on Monday 4 December 2017. Fonterra has released an announcement to the market setting out the reason for seeking the halt. Please contact Client and Data Services on +64 4 496 2853 or cds@nzx.com with any queries. ENDS End CA:00311263 For:FCG Type:HALT Time:2017-12-01 08:41:15