SPH Notice – Amalgamated Dairies Limited

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX Limited and To Sanford Limited Relevant event being disclosed: Movement of 1% or more in substantial holding Date of relevant event: 4 October 2018 Date this disclosure made: 4 October 2018 Date last disclosure made: 29 September 2017 Substantial product holder(s) giving disclosure Full name(s): Amalgamated Dairies Limited Summary of substantial holding Class of quoted voting products: Ordinary shares Summary for Amalgamated Dairies Limited For this disclosure,-- (a) total number held in class: 21,221,567 (b) total in class: 93,626,735 (c) total percentage held in class: 22.666% For last disclosure,-- (a) total number held in class: 22,771,567 (b) total in class: 93,626,735 (c) total percentage held in class: 24.321% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: sale of shares the subject of this notice Date of transaction: 19 December 2017, 9 January 2018, 4 October 2018 Nature of transaction: Transfer of shares Name of other party to transaction: On market sale through sharebroker Consideration received for the disposal of shares: $12,618,347.50 Number of financial products to which the transaction related: 1,550,000 ordinary shares Details after relevant event Details for Amalgamated Dairies Limited Nature of relevant interest(s): registered holder and beneficial owner of financial products For that relevant interest,-- (a) number held in class: 21,221,567 (b) percentage held in class: 22.666% (c) current registered holder(s): Amalgamated Dairies Limited (d) registered holder(s) once transfers are registered: No change Additional information Address(es) of substantial product holder(s): 40-42 Anzac Avenue, Auckland, New Zealand Contact details: Edgar William Preston, Phone +64-367 0331, Email adlak@xtra.co.nz Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Not applicable Certification I, Edgar William Preston, Director, 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:00324874 For:SAN Type:SHINTR Time:2018-10-04 14:58:49