Voting for Fonterra Elections, Annual Meeting Resolutions

VOTING FOR THE 2018 FONTERRA ELECTIONS AND ANNUAL MEETING RESOLUTIONS UNDERWAY

Voting is now open for the 2018 Fonterra Board of Directors’ Election, the Shareholders’ Councillor Elections in two wards, and seven Annual Meeting resolutions.

This year there are five candidates standing for three places on the Board. The five candidates are Independent Nomination process candidates Peter McBride, Jamie Tuuta and Ashley Waugh, and Self Nomination process candidates Leonie Guiney and John Nicholls. To be elected to the Board a candidate must receive more than 50% shareholder support. If more than three candidates receive more than 50% support the three candidates with the highest percentage of votes in favour will be elected.

Fonterra shareholders have the opportunity to meet Director candidates at seven locations throughout the country, starting in Gore on Tuesday, 23 October and finishing in Whangarei on Friday, 26 October, as follows.

The meetings provide an opportunity for the candidates to explain how their governance skills and attributes meet the requirements of Fonterra shareholders and the Board.

Elections for the Fonterra Shareholders’ Council are required in two wards, as follows:

The Fonterra Elections voting period runs from Tuesday, 16 October to 10.30am on Tuesday, 6 November 2018. The results will be determined and announced after the close of voting. All successful candidates take office at the close of the Annual Meeting.

Voting is also open for the Annual Meeting resolutions. Shareholders are being asked to vote on six ordinary business resolutions and one shareholder proposal.

Shareholders can vote online and via post in respect of both the Fonterra Elections and Annual Meeting resolutions until 10.30am on Tuesday, 6 November 2018. Shareholders can also vote in person or via proxy for only the Annual Meeting resolutions at the Annual Meeting being held on Thursday, 8 November 2018 at the Fonterra Lichfield site near Putaruru.

Any queries regarding the Fonterra Elections should be directed to the Returning Officer on the Election Helpline freephone 0800 666 034.

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