Update to Appendix 3A.1

Fonterra Shareholders' Fund has updated the attached Appendix 3A.1 Notification of dividend/distribution which was previously submitted to the ASX as required by the ASX listing rules. This update was to add the AUD/NZD exchange rate. Dates and times referred to in this Appendix are Australian Eastern Standard Time. -ENDS- For further information contact: Simon Till Director Capital Markets Phone: +64 21 777 807 End CA:00389943 For:FCG Type:GENERAL Time:2022-04-01 12:10:25