Communication to Fonterra Shareholders’ Fund Unit Holders

23 September 2021 Fonterra Capital Structure Review - Update for Unit Holders The attached communication was provided to Fonterra Shareholders' Fund unit holders by the Chairman, John Shewan on 23 September 2021. For further information contact: John Shewan 027 450 7831 End CA:00379642 For:FCG Type:GENERAL Time:2021-09-23 08:31:14