SPH Notice – The Vanguard Group, Inc.

Disclosure of beginning to have substantial holding Section 276, 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 The a2 Milk Company Limited Date this disclosure made: 4 December 2018 Date on which substantial holding began: 30 November 2018 Substantial product holder(s) giving disclosure Full name(s): The Vanguard Group, Inc. Summary of substantial holding Class of quoted voting products: ordinary shares Summary for The Vanguard Group, Inc. For this disclosure,-- (a) total number held in class: 36,774,366 (b) total in class: 734,797,297 (c) total percentage held in class: 5.00% Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure: See attached Additional information Address(es) of substantial product holder(s): The Vanguard Group Inc. - P.O. Box 2600, V26 Valley Forge, PA 19482 USA Contact details: Shawn Acker, 001-610-669-8989, Vanguard_Fund_Compliance@Vanguard.com Certification I, Shawn Acker, 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:00327884 For:ATM Type:SHINTR Time:2018-12-05 09:00:26