Sanford Limited (“SAN”) – Shares on issue

Memorandum To: Market Participants From: NZX Product Operations Date: Friday, 24 May 2019 Subject: Sanford Limited ("SAN") - Shares on issue Message: NZX Operations ("NZXO") advises that it has updated the number of shares on issue for Sanford Limited ("SAN") from 93,626,735 to 93,506,137. This change is to reflect the number of shares on issue exclusive of treasury stock. Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS End CA:00335013 For:SAN Type:MEMO Time:2019-05-24 13:17:07