Market announcements

September 04, 2016

Notice of change to substantial holding

Please find attached the following substantial shareholder notice released by Challenger Limited to the NZX on 5 September 2016.

For further information contact:

Geoffrey Babidge Managing Director The a2 Milk Company Limited +61 2 9697 7000

Australia – a2 Milk®

Australia – a2 Platinum®

New Zealand – a2 Milk™

China – Official Tmall China store

HK – Official Tmall Global store

The a2 Milk Company respectfully acknowledges the traditional owners of the land on which we live, work, and operate. We pay our respect to Elders past and present.

a2 Milk® is a trademark of The a2 Milk Company Limited

*A1 and A2 proteins refer to A1 and A2 beta-casein protein types

Market announcements

Notice of change to substantial holding

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