Settlement of Australian Legal Dispute

6 December 2017 NZX/ASX Market Release SETTLEMENT OF AUSTRALIAN LEGAL DISPUTE The a2 Milk Company Limited is pleased to advise that a settlement has been reached in respect of the legal dispute with Lion - Dairy & Drinks Pty Limited. The parties have mutually agreed not to proceed with their cases against each other. The terms of the settlement are confidential. The parties are very satisfied with the outcome and will remain focused on building and maintaining the strength of their individual brands. For further information contact: The a2 Milk Company Limited Geoffrey Babidge Managing Director and CEO +61 2 9697 7000 End CA:00311552 For:ATM Type:GENERAL Time:2017-12-07 08:31:30