Fonterra Financial Overview

Earnings per share reconciliation NZD million 2021 2022 Reported profit after tax¹ 391 364 Less: Share attributable to non-controlling interests (19) (16) Reported profit after tax attributable to equity holders of the Co-operative 372 348 Reported earnings per share (cents)² 23 22 Normalised profit after tax¹ Less: Profit attributable to non-controlling interests Normalised profit after tax attributable to equity holders of the Co-operative Normalised earnings per share (cents)² 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 418 364 (19) (16) 399 348 25 22 1,612,857 1,613,358 Fonterra Dairy for life 20 20

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