Results of 2025 Annual Meeting

NZX Code: ATM
ASX Code: A2M


The a2 Milk Company Limited
www.thea2milkcompany.com

20 November 2025
NZX/ASX Market Release
Results of The a2 Milk Company Limited 2025 Annual Meeting of Shareholders

At The a2 Milk Company Limited’s annual shareholder meeting, held in Auckland and online today, shareholders were
asked to vote on four resolutions, which were supported by the Board.
As required by NZX Listing Rule 6.1, all voting was conducted by a poll.
The resolutions passed by shareholders were:
• That the Directors of the Company be authorised to fix the fees and expenses of the Company’s auditor, Ernst
& Young, for the ensuing year.
• That Pip Greenwood, who retired by rotation in accordance with the company’s constitution and NZX listing
rules be re-elected as a Director of the Company.
• That Sandra Yu, who retired by rotation in accordance with the company’s constitution and NZX listing rules be
re-elected as a Director of the Company.
• That Lain Jager, who was appointed a Director of the Company by the Board during the year, and who retired
at the meeting in accordance with the Company’s constitution, be elected as a Director of the Company.
• That Grant Dempsey, who was appointed a Director of the Company by the Board during the year, and who
retired at the meeting in accordance with the Company’s constitution, be elected as a Director of the
Company.
• That the maximum aggregate annual remuneration payable to, and in their capacity as, Non-executive
Directors be increased by $310,000 from $1,365,000 to $1,675,000.
• That, on an advisory basis and for the purpose of ASX Listing Rule 10.14 and for all other purposes, the
acquisition of 324,606 performance rights by the Company’s Chief Executive Officer and Managing Director,
David Bortolussi, or an associate named in the Notice of Meeting, by grant under the Company’s Long Term
Incentive Plan be approved.

Details of the total number of votes cast are:
Resolution For Against Abstain
That the Directors of the Company be
authorised to fix the fees and expenses of the
Company’s auditor, Ernst & Young, for the
ensuing year.
543,533,616
(99.09%)
5,018,126
(0.91%)
100,499

2
That Pip Greenwood, who retired by rotation
in accordance with the Company’s
constitution and NZX listing rules be elected
as a Director of the Company.
543,027,933
(99.00%)
5,469,540
(1.00%)
153,940
That Sandra Yu, who retired by rotation in
accordance with the Company’s constitution
and NZX listing rules be elected as a Director
of the Company.
540,520,928
(98.53%)
8,057,263
(1.47%)
74,050
That Lain Jager, who was appointed a Director
of the Company by the Board during the year,
and who retired at the meeting in accordance
with the Company’s constitution, be elected
as a Director of the Company.
547,857,181
(99.87%)
705,083
(0.13%)
89,149
That Grant Dempsey, who was appointed a
Director of the Company by the Board during
the year, and who retired at the meeting in
accordance with the Company’s constitution,
be elected as a Director of the Company.
547,884,975
(99.88%)
668,561
(0.12%)
97,877
That the maximum aggregate annual
remuneration payable to, and in their
capacity as, Non-executive Directors be
increased by $310,000 from $1,365,000 to
$1,675,000.
538,902,299
(98.34%)
9,112,877
(1.66%)
327,402
That, on an advisory basis and for the purpose
of ASX Listing Rule 10.14 and for all other
purposes, the acquisition of 324,606
performance rights by the Company’s Chief
Executive Officer and Managing Director,
David Bortolussi, or an associate named in the
Notice of Meeting, by grant under the
Company’s Long Term Incentive Plan be
approved.
545,098,589
(99.68%)
1,739,223
(0.32%)
291,317


Authority for this announcement
Name and position of person authorised to make this announcement Jaron McVicar
Chief Legal and Sustainability Officer &
Company Secretary
Contact person for this announcement Jaron McVicar
Contact phone number +61 2 9697 7000
Contact email address jaron.mcvicar@a2milk.com
Date of release through MAP 20/11/2025