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Fonterra Plans Retail Bond Offer


Media Release
17 December 2008

Fonterra Plans Retail Bond Offer

Fonterra Co-operative Group announced today it is considering raising NZ$300 million, with the ability to accept oversubscriptions, via an offer of senior retail bonds. The offer is expected to open in early February 2009; Fonterra intends to use any money raised for general business purposes, including working capital requirements.

Fonterra has appointed ANZ National Bank Limited and BNZ Capital, a division of Bank of New Zealand as Joint Lead Managers for the offer.

No money is currently being sought and no applications for securities will be accepted or money received unless the investor has received an Investment Statement. Investors wishing to register preliminary indications of interest and to obtain an Investment Statement when it becomes available for this offer can contact ANZ National Bank Limited on 0800 800 372 or BNZ Capital, a division of Bank of New Zealand on 0800 448 338. No indication of interest will involve an obligation or commitment of any kind.

Further details of the offer will be released once an Investment Statement is available prior to the offer launch.

ENDS

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