2022 Annual Results

Earnings per share reconciliation NZD million 2021 2022 Reported profit after tax¹ 599 583 (Profit)/loss attributable to non-controlling interests (21) 1 Reported profit after tax attributable to equity holders of the Co-operative Reported earnings per share (cents)² 578 584 36 36 Normalised profit after tax¹ (Profit)/loss attributable to non-controlling interests Less normalisation adjustments attributable to non-controlling interests Normalised profit after tax attributable to equity holders of the Co-operative Normalised earnings per share (cents)² 588 591 (21) 1 (17) (24) 550 568 34 35 Weighted average number of Co-operative shares ('000) 1. Includes amount attributable to non-controlling interests 2. Attributable to equity holders of the Co-operative 1,613,105 1,613,353 Fonterra Dairy for life 27

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