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Memorandum To: Market Participants From: NZX Product Operations Date: Monday, 23 December 2024 Subject: Synlait Milk Limited (“SML”) – removal of NS designation Message: NZ RegCo advises of the removal of the Non Standard (NS) designation for Synlait Milk Limited (SML). The NS designation was a condition of a NZX Listing Rule waiver granted in relation to certain governance arrangements. The waiver ceased to apply after SML’s recent equity capital raise. The removal of the NS designation is effective immediately and will update on NZX.com overnight. Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS