Ngai Tahu Investments Limited Share Purchasing

1 September 2021 NZX Continuous Disclosure Sanford has been informed by Ngai Tahu Investments Limited that, via its broker Craigs Investment Partners, it is looking to purchase shares in Sanford at a price $5.50 (representing a premium of 23.6% to the closing price on 31 August 2021), such that it (and its associates) will hold a significant minority shareholding. We are informed that Ngai Tahu Investments Limited has no current intention to make a takeover offer for Sanford based on current circumstances. For further information, please contact: Fiona MacMillan GM Corporate Communications +64 (0)21 513 522 fmacmillan@sanford.co.nz End CA:00378365 For:SAN Type:GENERAL Time:2021-09-01 09:52:09