Results of the 2023 FSF Annual Meeting of unit holders

13 November 2023 RESULTS OF THE 2023 FSF ANNUAL MEETING OF UNIT HOLDERS The Fonterra Shareholders' Fund is pleased to announce that the following resolution was passed at its Annual Meeting of unit holders. Resolution 1: To re-elect Mary-Jane Daly, who retires by rotation and stands for re-election as a director of the Manager of the Fund. Votes FOR 17,020,364 (99.35%) Votes AGAINST 110,851 (0.65%) Abstain 20,621 -ENDS- Jackie Floyd Company Secretary - Fonterra Shareholders' Fund Investor.Relations@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:00421554 For:FSF Type:MEETING Time:2023-11-13 13:12:24