Saputo Inc. — Audit Report / Information 2021

Jun 3, 2021

Deloitte LLP La Tour Deloitte 1190, Avenue des Canadiens-de-Montreal Suite 500 Montreal (Quebec) H3B 0M7 Canada

==> picture [145 x 28] intentionally omitted <==

Tél. : 514-393-7115 Téléc. : 514-390-4116 www.deloitte.ca

June 3, 2021

To: Alberta Securities Commission Autorité des marchés financiers British Columbia Securities Commission Financial and Consumer Affairs Authority of Saskatchewan Financial and Consumer Services Commission (New Brunswick) Nova Scotia Securities Commission Office of the Superintendent of Securities (Prince Edward Island) Office of the Superintendent of Securities Service Newfoundland and Labrador Ontario Securities Commission The Manitoba Securities Commission

Dear Sirs/Mesdames:

RE: Saputo Inc. (the “Company”)

We refer to the prospectus supplement dated December 16, 2020 (to short form base shelf prospectus dated December 9, 2020) relating to the offer and issue of guaranteed medium term notes (unsecured)(the “Prospectus”).

We, Deloitte LLP, consent to being named and to the use, through incorporation by reference in the Prospectus, of our report dated June 3, 2021 to the shareholders and the Board of Directors of the Company on the following financial statements:

Consolidated statements of financial position as at March 31, 2021 and 2020;

Consolidated income statements, consolidated statements of comprehensive income, changes in equity and cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of significant accounting policies.

We report that we have read the Prospectus and all information specifically incorporated by reference therein and have no reason to believe that there are any misrepresentations in the information contained therein that are derived from the financial statements upon which we have reported or that are within our knowledge as a result of our audit of such financial statements. We have complied with Canadian generally accepted standards for an auditor’s consent to the use of a report of the auditor included in an offering document, which does not constitute an audit or review of the prospectus as these terms are described in the CPA Canada Handbook – Assurance.

Yours very truly,

/s/ Deloitte LLP[1 ]

---

1 CPA auditor, CA, public accountancy permit No. A125494