Ann: BAL Appendix 4D, page-109

I also asked Bellamy's this question:-

1. You are currently selling Infant Formula in Australia and China, what other markets do you currently sell to and are planning to enter as I am sure the market in India would represent big potential?

Answer:-

"We are always looking for new markets with a focus on Asian Middle Class Markets."

China has the largest growing middle class population in the world joined together with the new 2 baby policy creates an amazing opportunity for Bellamy's.