Update to Appendix 3A.1

Fonterra Shareholders' Fund has updated the attached Appendix 3A.1 Notification of dividend/distribution which was previously submitted to the ASX as required by the ASX listing rules. This update was to add the Strike Price for the Distribution Reinvestment Plan. Dates and times referred to in this Appendix are Australian Eastern Standard Time. For further details please refer to the Distribution Reinvestment Plan booklet available at: https://www.fonterra.com/nz/en/our-financials/dividends.html -ENDS- For further information contact: Simon Till Director Capital Markets Phone: +64 21 777 807 End CA:00316865 For:FSF Type:GENERAL Time:2018-04-17 13:59:23