Fonterra Shareholders' Fund (NS) — Earnings Release 2021

Mar 16, 2021

	Results for announcement to the market
	Name of issuerFonterra Shareholders’ FundReporting Period6 months to 31 January 2021Previous Reporting Period6 months to 31 January 2020CurrencyNew Zealand Dollars
	Amount (m’s)		Percentage change
	Revenue from continuingoperations	$81	189%
	Total Revenue	$81	189%
	Net profit/(loss) fromcontinuing operations	$nil	-%
	Total net profit/(loss)	$nil	-%
	Interim Dividend
	Amount per Quoted EquitySecurity	5 cents per share
	Imputed amount per QuotedEquity Security	Not Applicable
	Record Date	24 March 2021
	Dividend Payment Date	15 April 2021
		Current period		Prior comparable period
	Net tangible assets perQuoted Equity Security	$4.54		$4.05
	A brief explanation of any ofthe figures above necessaryto enable the figures to beunderstood	Fonterra Shareholders’ Fund financial statements are prepared in accordancewith New Zealand Equivalents to International Financial Reporting Standards.Revenue from continuing operations comprises net fair value movements ofEconomic Rights of Fonterra Shares, and (if any) dividend income.
	Authority for this announcement
	Name of person authorisedto make this announcement	Andrew Cordner
	Contact person for thisannouncement	Simon Till
	Contact phone number	+64 21 777 807
	Contact email address	Investor.relations@fonterra.com
	Date of release through MAP	17/03/2021

Unaudited interim financial statements accompany this announcement.

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