Amended Global Dairy Update November 2025

Fonterra has issued an amendment to the November Global Dairy Update. On page 10 the table reference to “Forecast Foreign Exchange Exposure for 2025/26 season hedged (%)” relating to the 25 November 2025 announcement date has been amended to 84%. For further information contact: Phil van Polanen General Manager Capital Markets and Investor Relations Phone: +64 21 021 999 59