Quotation Notice – FCG Limited (“FCG050”) Bonds

QUOTATION NOTICE: NZX DEBT MARKET FONTERRA CO-OPERATIVE GROUP LIMITED BONDS ("FCG050") Company: Fonterra Co-operative Group Limited ("FCG") Security Code: FCG050 ISIN: NZFCGDG005C4 Details of Issue: An offer of $100 million of unsecured, unsubordinated, fixed rate bonds Opening Date: Tuesday, 6 November 2018 Closing Date: Thursday, 8 November 2018 Interest Rate: 4.15% per annum Maturity Date: Friday, 14 November 2025 Interest Payment Dates: 14 May and 14 November in each year up to and including the Maturity Date Date of First Interest Payment: Tuesday, 14 May 2019 First Interest Paid To: Holder on Record Date Record Date: 10 calendar days prior to the relevant payment date or, if that date is not a business day, the immediately preceding business day Minimum Application Amount: $5,000 and in multiples of $1,000 thereafter Minimum Holding: $5,000 Face Value: $1.00 per Bond Joint Lead Managers: ANZ Bank New Zealand Limited and Commonwealth Bank of Australia (acting through its New Zealand Branch). Organising Participant: ANZ Bank New Zealand Limited Trust Deed Dated: Master trust deed dated 18 November 2002 (as amended from time to time) as modified and supplemented by the supplemental trust deed (no. 19) dated 5 November 2018 Issue Date: Wednesday, 14 November 2018 Registrar: Computershare Investor Services Limited ("RMLT") Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Thursday, 15 November 2018 Mark Peterson Chief Executive Officer NZX Limited 8 November 2018 End CA:00326553 For:FSF Type:OFFER Time:2018-11-08 15:57:04