Announcement

MEMO: NZXO: FCGHA - Interest Rate Reset 02:42pm 
NZXO
10/07/2020 14:42
MEMO
NOT PRICE SENSITIVE
REL: 1442 HRS NZX Market Operations

MEMO: NZXO: FCGHA - Interest Rate Reset

Memorandum

To: Market Participants
From: NZX Product Operations
Date: Friday, 10 July 2020
Subject: FCGHA - Interest Rate Reset

Message:
Further to the announcement made by Fonterra Co-operative Group Limited
("FCG") today, NZX Operations ("NZXO") advises that the interest rate payable
on FCG Capital Notes ("FCGHA") has been reset to 2.47% per annum with effect
from today, 10 July 2020.

The interest rate reset will be reflected in our trading system from market
open on Monday, 13 July 2020.

Please contact NZX Product Operations on +64 4 496 2853 or
productoperations@nzx.com with any queries.

ENDS
End CA:00356097 For:NZXO Type:MEMO Time:2020-07-10 14:42:50

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