RESULTS OF THE 2021 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 online today. Resolution 1: To re-elect John Shewan, who retires by rotation and stands for re-election 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:00384560 For:FCG Type:MEETING Time:2021-12-13 12:55:36