Results of the 2020 FSF Annual Meeting of Unit Holders

9 November 2020 RESULTS OF THE 2020 FSF ANNUAL MEETING OF UNIT HOLDERS Fonterra Shareholders' Fund is pleased to announce that the following resolution was passed at its Annual Meeting of unit holders held in Auckland today. Resolution 1: To elect Mary-Jane Daly as a director of the Manager of the Fund. -ENDS- Andrew Cordner Company Secretary - Fonterra Shareholders' Fund FSF Management Company Ltd (Australian Registered Business Number 190 539 935, incorporated in New Zealand) is the Manager of the Fonterra Shareholders' Fund taf@fonterra.com Phone +64 9 374 9000 Private Bag 92032, Auckland, 1142 New Zealand; Fonterra Centre, 109 Fanshawe Street, Auckland, 1010 New Zealand www.fonterra.com End CA:00362894 For:FCG Type:MEETING Time:2020-11-09 16:14:27