A2 Milk : Ongoing disclosure notice – Peter Nathan

5d215eb6-90c9-43b2-984e-9e312d61bedd.pdf • :rl:tw

Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Date this disclosure made:

Date of last disclosure:

The a2 Milk Company Limited

24106/2016

29/03/2016

Director or senior manager giving disclosure

Full name(s):

Name of listed issuer:

Name of related body corporate (ifapplicable):

Position held in listed issuer:

Peter Jerrold NATHAN

The a2 Milk Comoanv Limited

Chief Executive, Australia &New Zealand

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products:

Nature of the affected relevant interest(s):

For that relevant interest-

Number held in class before acquisition or disposal:

Number held in class after acquisition or disposal:

Current registered holder(s):

Registered holder(s) once transfers are registered:

Ordinary Shares

Leqal and beneficial owner

2,779,353 ordinarv shares

504,353 ordinary shares

Peter Jerrold NATHAN

Unknown

Summary of acquisition or disposal of specified derivatives relevant interest (if applicabr l-e"),_ -, Type of affected derivative:

The notional value of the derivative (if any) or the notional amount of underlying financial products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative(if any):

The price specified in the terms of the derivative (lf any):

Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products:

Class of underlying financial products: Details of affected derivative-

For that denvat1ve,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:

Details of transactions giving rise to acquisition or disposal

ITotal number of transactions to which notice relates: 37

Details of transactions reauirina disclosure-

Date of transaction:

Nature of transaction:

Name of any other party or parties to the transaction (if known):

(1) to (2): 21/06/2016; (3) to (17): 20/06/2016; (18) to (37): 17/06/2016

(1) to (37): On market sales of fully paid shares through broker facilities

Unknown

Theconsideration,expressed in New Zealand dollars,paidor received for the acquisition or disposal. If the considerationwasnot incashand cannotbe readily byconvertedinto a cash value,describe the consideration:

Number offinancial productsto which the transaction related:

Whetherrelevant interests were acquired or disposedof during a closed period:

Whether priorwritten clearance was providedto allow the acquisition or disposal toproceed durinq the closedperiod:

Dateofthe priorwritten clearance (ifany):

Ifthe issuerhas afinancial products tradingpolicythatprohibits directors or semor managersfrom tradingduringany period without written clearance (a closed period) include the followina details-

Summary of otherrelevant interests after acquisitionor disposal:

Class ofquoted financialproducts: Nature of relevant interest:

For thatrelevant interest,-

Number held in class:

Currentreisteredholder s:

For a derivative relevantinter est,-

!Typeofderivative :

Details of derivative,-

(1) $90,068.69; (2) $90,246.69;(3) $88,674. 10;

(4)$177,230.38; (5)$176 ,846.72; (6)

$177,466.42;(7)176,301.91;(8) $140,896.82; (9)

$88,154.04;(10)$88,164.34; (11)$88,744 .73;

(12)$177,449.84 ;(13) 177,929.90;(14)

$88,546.23: (15)$79,335.86; (16)$88,522.68;

(17) $88,674.10:(18)$104,905.41;(19)

$69,727.55;(20)$139,873.89: (21)$86,897.70:

(22) $130,329.87;(23)$87,159.43; (24)

$87,167.13;(25)$34,968.47; (26)$86,374.21;

(27)$104,277.23 ;(28)$104 ,616.78; (29)

$121,696.77; (30)52,609.75; (31)209,818.99;

(32)$87,257.53;(33)$35,387.25;(34)

$112,892.92; (35)$86,897.70; (36)$87,028.56;

(37) $87,132.83 (Aggregate of(1) to(37)=

$4,000,273.45)

2,275,000 ordinary shares

Unlisted optionsto subscribefor Ordinary Shares in the Company (Options)

Legal andbeneficial owner

4,000,000 0tions

PeterJerrold NATHAN

Thenotional value of thederivative (if any) or the notional amount of underlyingfinancialproducts (if any):

A statement as to whether the derivative is cashsettled or physicallysettled:

Maturitydate of the derivative (ifany):

Expiry date of the derivative (if any):

The price'sspecified terms(if any):

Any otherdetails neededto understand how theamount of the consideration payable underthe derivativeorthevalueof thederivative isaffected bythe valueof theunderlyingfinancial products:

For that derivative relevant interest,-

Parties to the derivative:

Ifthedirector or seniormanageris nota party to thederivative,the natureof the relevant interest in thederivative:

Certification

Icertifythat,to the bestof myknowledge and belief,the informationcontainedin this disclosure iscorrect and thatIam dulauthorised to make thi closure by allpersons forwhom it is made.

Signature of directororofficer: Dateof signature:

or

Signatureof personauthorised to sign on behalf of director or officer:

Date of signature:

Name andtitle of authorisedperson:

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior manager of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure must be made within-

1. 20 working days after the first acquisition or disposal disclosed in this notice if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial Markets Conduct Act 2013; or

2. in any other case, 5 trading days after the first acquisition or disposal disclosed in this notice.