SPH Notice – Prusik fund PLC

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To [New Zealand Stock Exchange] and To [Fonterra Co-operative Group Limited] Date this disclosure made: [13th March 2018] Date on which substantial holding began: [9th February 2018] Substantial product holder(s) giving disclosure Full name(s): Prusik Umbrella UCITS fund PLC / Prusik Asian Equity Income Fund PLC Summary of substantial holding Class of quoted voting products: [Ordinary shares, FSF NZ Equity] Summary for [Prusik Umbrella UCITS fund PLC / Prusik Asian Equity Income Fund PLC] For this disclosure,-- (a) total number held in class: [7,500,000 shares] (b) total in class: [136,300,000 shares] (c) total percentage held in class: [5.5%] Details of relevant interests Details for [name of substantial product holder(s)] Nature of relevant interest(s): [N.A.] For that relevant interest,-- (a) number held in class: [N.A.] (b) percentage held in class: [N.A.] (c) current registered holder(s): [N.A.] (d) registered holder(s) once transfers are registered: [N.A.] For a derivative relevant interest, also-- (a) type of derivative: [NA] (b) details of derivative: [NA] (c) parties to the derivative: [N.A.] (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure: - [Holding as at 8th February 2018 = 5,912,895 shares. - Purchase of 1,539,952 shares on 9th February 2018. - Holding as at 9th February 2018 = 7,452,847 shares. - Purchase of 47,153 shares on 12th February 2018. - Holdings as at 12th February = 7,500,000 shares.] Additional information Address(es) of substantial product holder(s): [33 Sir John Rogerson's Quay, Dublin 2, Ireland] Contact details: [Contact person: Tony Morris (a partner of the Investment Manager, Prusik Investment Management LLP), Email: Tony.Morris@prusikim.com, Telephone number: +65 6333 4750] Certification I, [Tony Morris], certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. End CA:00315691 For:FSF Type:SHINTR Time:2018-03-19 12:19:26