Email: [email protected] Fonterra Co-operative Group Limited (Fonterra) has announced an on-market share buyback programme, with up to $50m allocated to the programme.

Fonterra will acquire shares through the Fonterra Shareholders Market (FSM) at the prevailing market price from 30 June 2022 - 30 June 2023.

The maximum number of shares that may be acquired over this period is 80,667,893.

The number of shares purchased and the average price will be notified to the NZX and ASX on a daily basis.

The buyback programme may be suspended or terminated without notice at any time.

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