Results announced for the 2018 Fonterra Elections

6 November 2018 RESULTS ANNOUNCED FOR THE 2018 FONTERRA ELECTIONS Returning Officer Warwick Lampp, of electionz.com Ltd, has declared the final results of the 2018 elections for the Fonterra Board of Directors, Directors' Remuneration Committee and Shareholders' Council. Shareholders voted to elect Peter McBride and Leonie Guiney to the Board. Incumbent Director Ashley Waugh, Jamie Tuuta and John Nicholls were unsuccessful. Peter McBride lives at Te Puna and has farming interests in the Waikato and Bay of Plenty. Peter has extensive experience in the kiwifruit industry and has recently announced that he will step down as Chairman of Zespri in February. Leonie Guiney lives and farms near Fairlie, where she is a Director of four dairy farming companies. Leonie previously served on the Fonterra Board from 2014 to 2017. John Wilson and Nicola Shadbolt are retiring from the Board effective at the conclusion of the Fonterra Annual Meeting on 8 November 2018. One Director position remains unfilled, since the remaining candidates did not achieve the support of more than 50% of votes cast. In accordance with the Rules for Election of Directors, a second election must take place. Details of process and timing will be communicated to shareholders in due course. The Board may appoint a Director to fill the vacancy until the next election, but may not appoint an unsuccessful candidate. Shareholders David Gasquoine and Stephen Silcock were elected unopposed to the Directors' Remuneration Committee. In the Shareholders' Council elections, the following two Shareholders' Councillors were elected: Ward 7 - Waipa Mike Montgomerie Ward 19 - Tasman/Marlborough Sue Brown Mike Montgomerie is a new Shareholders' Councillor. In the eight other Shareholders' Council wards where elections were due, nominees were elected unopposed. The Councillors in those wards are: Ward 1 - Northern Northland Luke Beehre Ward 4 - Waikato West Ross Wallis Ward 10 - Northern Bay of Plenty Don Hammond Ward 13 - Central Taranaki Noel Caskey Ward 16 - Central Districts West Robert Ervine Ward 21 - Central Canterbury Mark Slee Ward 22 - South Canterbury Michelle Pye Ward 25 - Western Southland Simon Hopcroft Mark Slee and Simon Hopcroft are the two new Shareholders' Councillors. All successful candidates will take office at the close of the Annual Meeting on Thursday, 8th November 2018. Warwick Lampp Returning Officer - 2018 Fonterra Elections Free phone 0800 666 034 electionz.com Ltd 021 498 517 iro@electionz.com -ends- End CA:00326398 For:FSF Type:MEETING Time:2018-11-06 14:50:05