FCGHA – Interest Rate Reset

Memorandum To: Market Participants From: NZX Product Operations Date: Monday, 12 July 2021 Subject: FCGHA - Interest Rate Reset Message: Further to the announcement made by Fonterra Co-operative Group Limited ("FCG") today, NZX Operations ("NZXO") advises that the interest rate payable on FCG Capital Notes ("FCGHA") has been reset to 2.68% per annum with effect from today, 12 July 2021. The interest rate reset will be reflected in our trading system from market open on Tuesday, 13 July 2021. Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS End CA:00375498 For:FCG Type:MEMO Time:2021-07-12 14:50:06