Fonterra Financial Overview

Unallocated costs¹ NZD million² 2021 2022 Farmer services (21) (21) Communication and community (8) (6) Fonterra Board & Co-operative (4) (3) Council Governance support (19) (18) • Group finance, property & support (21) (21) People & culture (3) (5) Other (35) 26 Total (111) (48) 1. Refer to Glossary for definition 2. Normalised basis. Comparative information has been re-presented for consistency with the current period Fonterra Dairy for life Unallocated costs are favourable $63 million predominantly due to 'Other' 'Other' is favourable $61 million, mainly due to the release of a $44 million provision held at Group following the conclusion of a judicial interpretation on the Holidays Act 2003 23 23

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