Disclosure of relevant interests

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:
The a2 Milk Company Limited (ATM)
Date this disclosure made:
25-Feb-2022
Date of last disclosure:
29-Oct-2021
Director or senior manager giving disclosure
Full name(s):
David Landt Bortolussi
Name of listed issuer:
The a2 Milk Company Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Managing Director and Chief
Executive Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
(1) Unlisted time-based rights (Time-
based Rights) representing an
entitlement to acquire fully paid ordinary
shares in ATM (Ordinary Shares).
(2) Ordinary Shares.
Nature of the affected relevant interest(s):
Beneficial interest.
For that relevant interest-
Number held in class before acquisition or disposal:
(1) 311,283 Time-baed Rights due to
vest in two equal tranches in February
2022 and February 2023, respectively.
(2) nil Ordinary Shares.
Number held in class after acquisition or disposal:
(1) 155,641 Time-based Rights due to
vest in February 2023.
(2) 155,642 Ordinary Shares.
Current registered holder(s):
DMZSK Pty Ltd
Registered holder(s) once transfers are registered:
DMZSK Pty Ltd
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
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 (if 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:
For that derivative,-
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
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure-
Date of transaction:
21-Feb-2021
Nature of transaction:
Exercise of Time-based Rights following
their vesting, satisfied by the transfer of
existing Ordinary Shares.
Name of any other party or parties to the transaction (if known):
N/A
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:Nil
Number of financial products to which the transaction related:
155,642 Time-based Rights exercised
for 155,642 Ordinary Shares.
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
Unlisted performance rights
representing an entitlement to
acquire Ordinary Shares (Performance
Rights).
Nature of relevant interest:
Beneficial interest
For that relevant interest,-
Number held in class:
(1) 478,577 Performance Rights due to
vest on a date to be determined by the
Board following the release of ATM's full
year audited results for FY2023
provided certain performance conditions
are met.
(2) 490,906 Performance Rights due to
vest on a date to be determined by the
Board following the relerase of ATM's
full year audited results for FY2024
provided certain performance conditions
are met.
Current registered holder(s):
DMZSK Pty Ltd
For a derivative relevant interest,-
Type of derivative:
N/A

Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
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's specified terms (if 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:
For that derivative relevant interest,-
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:
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.
Signature of director or officer:
Date of signature:25/02/2022
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person:

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Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1
Rule 3.19A.2
Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11

Name of entity
The a2 Milk Company Limited (the Company)
ABN
97 769 415 292

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for
the director for the purposes of section 205G of the Corporations Act.

Name of Director
David Landt BORTOLUSSI
Date of last notice
29 October 2021

Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should
be disclosed in this part.

Direct or indirect interest
Indirect.
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Interests are held by DMZSK Pty Ltd
(ACN 128 544 838) as trustee for D&M
Bortolussi Family Trust.
Mr Bortolussi’s voting power in DMZSK
Pty Ltd is above 20%.
Date of change
21 February 2022
No. of securities held prior to change
1. 311,283 time based rights
2. 969,483 performance rights
3. nil fully paid ordinary shares
Class
1. time-based rights
2. performance rights
3. fully paid ordinary shares
Number acquired
1. nil time based rights
2. nil performance rights
3. 155,642 fully paid ordinary shares

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011
Number disposed
1. 155,642 time-based rights
2. nil performance rights
3. nil fully paid ordinary shares
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
Vesting of employee incentive.
No. of securities held after change
1. 155,641 time-based rights
2. 969,483 performance rights
3. 155,642 fully paid ordinary shares
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue
of securities under dividend reinvestment plan, participation in buy-
back
Automatic exercise of time-based rights
following their vesting.
Exercise satisfied by the transfer of
ordinary shares previously purchased on-
market.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should
be disclosed in this part.

Detail of contract
N/A
Nature of interest
N/A
Name of registered holder
(if issued securities)
N/A
Date of change
N/A
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
N/A
Interest acquired
N/A
Interest disposed
N/A
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
N/A
Interest after change
N/A

Part 3 –
+
Closed period

Were the interests in the securities or contracts detailed above
traded during a
+
closed period where prior written clearance
was required?
No.
If so, was prior written clearance provided to allow the trade to
proceed during this period?
N/A

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3
If prior written clearance was provided, on what date was this
provided?
N/A