Tuesday, 21 August 2018

Announcement

GENERAL: FSF: Fonterra confirms amount of award in arbitration proceeding

01 Dec 2017 12:19NZX
1 DECEMBER 2017

FONTERRA CONFIRMS AMOUNT OF AWARD IN ARBITRATION PROCEEDINGS

Fonterra is aware that Danone has indicated that it has been awarded damages
in the amount of NZ$183 million in the arbitration with Fonterra resulting
from Fonterra''s precautionary recall of WPC80 product in August 2013.

Fonterra can confirm that this is the amount of the award and is currently
considering the full financial implications of the award. Fonterra expects to
provide a market announcement on these implications shortly.

Anya Wicks
Company Secretary

Fonterra Communications
Phone: +64 21 507 072
End CA:00311276 For:FSF    Type:GENERAL    Time:2017-12-01 12:19:49
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