SPH Notice – UBS Group AG and its related bodies corporate

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To: NZX Limited and To: The A2 Milk Company Limited Date this disclosure made: 15 October 2018 Date last disclosure made: 12 October 2018 Date on which substantial holding ceased: 11 October 2018 Substantial product holder(s) giving disclosure Full name(s): UBS Group AG and its related bodies corporate Summary of previous substantial holding Class of quoted voting products: Ordinary shares Summary for: UBS Group AG and its related bodies corporate For last disclosure,-- (a) total number held in class: 39,284,625 (b) total in class: 734,797,297 (c) total percentage held in class: 5.35% For current holding after ceasing to have substantial holding, -- (a) total number held in class: 32,395,083 (b) total in class: 734,797,297 (c) total percentage held in class: 4.41% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: Please see Appendix A. Additional information Address(es) of substantial product holder(s): Details of all UBS offices can be found through the following link: http://apps2.ubs.com/locationfinder/ Contact details: Joanne Chan Tel: +852 2971 7725 Email: joanne-h.chan@ubs.com Nature of connection between substantial product holders: UBS AG Singapore Branch: Related body corporate UBS Switzerland AG: Related body corporate UBS AG: Related body corporate UBS Asset Management (Australia) Ltd: Related body corporate UBS Asset Management (Deutschland) GmbH: Related body corporate UBS Asset Management (Hong Kong) Ltd: Related body corporate UBS Asset Management Life Limited: Related body corporate UBS Asset Management Trust Company: Related body corporate UBS Asset Management (UK) Limited: Related body corporate UBS Fund Management (Luxembourg) S.A.: Related body corporate UBS Fund Management (Switzerland) AG: Related body corporate UBS AG Australia Branch: Related body corporate UBS AG London Branch: Related body corporate UBS Securities Australia Ltd: Related body corporate UBS Securities LLC: Related body corporate 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 We, certify that, to the best of our knowledge and belief, the information contained in this disclosure is correct and that we are duly authorised to make this disclosure by all persons for whom it is made. End CA:00325331 For:ATM Type:SHINTR Time:2018-10-16 08:30:32