Historical

Allotment / Redemption Notice

9:34am, 28 Dec 2012 | ALLOT

Please be advised that on 27/12/2012 the following allotments and redemptions of units were made in the Fonterra Shareholders' Fund.
Each unit was allotted or redeemed in consideration of the transfer of one share in Fonterra Co-operative Group Limited to or by Fonterra Farmer Custodian Limited.

(a) Class of Security and ISIN: FSF Units, ISIN: NZFSFE0001S5

(b) Number of Securities:
Allotted: 36,881
Redeemed: 0
Net Allotment 36,881

(c) Percentage of total Class of Securities:
Allotted: 0.0386189%
Redeemed: 0.0000000%
Net Allotted % 0.0386189%

(d) Reason for allotment: Each unit was allotted or redeemed in consideration of the transfer of one share in Fonterra Co-operative Group Limited to or by Fonterra Farmer Custodian Limited.

(e) Specific authority for allotment: Fonterra Shareholders' Fund Unit Trust Deed between FSF Management Company Limited, the New Zealand Guardian Trust Company Limited and Fonterra Co-operative Group Limited, and the Custody Trust Deed for the Fonterra Economic Rights Trust between FSF Management Company Limited, the New Zealand Guardian Trust Company Limited, Fonterra Co-operative Group Limited and Fonterra Farmer Custodian Limited.

(f) Terms or details of the allotment: The units allotted rank pari-passu with the existing units on issue.

(g) Total number of Securities of the Class in existence after
the allotment (exclusive of Treasury Stock): 95,536,707

(h) Date of allotment: 27/12/2012

David Matthews
On behalf of the Fonterra Shareholders' Fund
taf@fonterra.com
direct +64 9 374 9000
Private Bag 92032, Auckland, 1142, Fonterra Centre, 9 Princes Street, Auckland, 1010 New Zealand www.fonterra.com