Global Dairy Update February 2018 (Amended)

Fonterra Co-operative Group has issued an amended Global Dairy Update for February 2018. As noted on page 4, New Zealand production in January was down 5% compared to the same month last year. In the previous version the graph on page 9 incorrectly showed an increase in New Zealand production due to a data graphing issue. This graph has been corrected in the attached version. For further information contact: Simon Till Director Capital Markets Phone: +64 21 777 807 End CA:00315337 For:FCG Type:MKTUPDTE Time:2018-03-09 11:26:54