FCGHA – Interest Rate Reset

Memorandum To: Market Participants From: NZX Product Operations Date: Wednesday, 10 July 2019 Subject: FCGHA - Interest Rate Reset Message: Further to the announcement made today by Fonterra Co-operative Group Limited ("FCG"), NZX Operations ("NZXO") advises that the interest rate payable on the FCG Capital Notes ("FCGHA") has been reset to 3.385% per annum with effect from, 10 July 2019. The interest rate reset will be reflected in our trading system from market open Thursday, 11 July 2019. Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS End CA:00337471 For:FCG Type:MEMO Time:2019-07-10 15:42:31