Ann: GENERAL: ATM: Lodgement of ASX Listing Application,...

• Release Date: 25/02/15 08:35
• Summary: GENERAL: ATM: Lodgement of ASX Listing Application, Proposed Board Change
• Price Sensitive: No
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					ATM
25/02/2015 08:35
GENERAL
PRICE SENSITIVE
REL: 0835 HRS The a2 Milk Company Limited

GENERAL: ATM: Lodgement of ASX Listing Application, Proposed Board Change

24 February 2015

NZX Release: Lodgement of ASX Listing Application, Proposed Board Changes

The a2 Milk Company Limited (a2MC or Company) has today lodged an application
for admission to the Official List with the Australian Securities Exchange
(ASX) for the proposed dual listing of its securities on the ASX. a2MC will
advise when further information on the ASX listing process is available.
A number of changes to the composition of the Board are proposed to take
place shortly before the Company is admitted to the Official List of the ASX.
These changes are consistent with the process of review and renewal of the
Board which the Company commenced during 2013.The current Chairman, Mr Cliff
Cook has advised of his intention to resign as both Chairman and a Director
of the Company.

Mr Cook has been a Director and Chairman of the Company since 2004 and has
been instrumental in leading the evolution and growth of the Company since
that time. Mr Cook has advised that the decision to resign has been made with
careful consideration of the Company's leadership requirements for the
future.

With the Company well established and strongly positioned to pursue further
growth in the UK, China and the USA, Mr Cook believes the Chairman should
possess significant Fast Moving Consumer Goods (FMCG) skills, broad
international experience consistent with the Company's target market
strategies and be
located closer to those markets. The remaining members of the

Board concur with this approach which is consistent with the ongoing process
of Board renewal. As such Mr Cook intends to resign shortly before the
Company is admitted to the Official List of the ASX. Mr Cook has also advised
in this event that he will maintain a continuing interest in the on-going
development of the Company and the entity holding shares associated with him
intends to retain a significant holding in the Company. Mr David Mair has
also advised of his intention to resign as a Director shortly before the
Company is admitted to the Official List of the ASX.

Mr Mair has been a director since 2008. He has been an active and
contributory Board member including in his role as Chairman of the
Remuneration Committee and the designated Non-Executive Director assisting
the Company's Asian growth initiatives.Consistent with the approach outlined
above, the Board has resolved that at the time of these changes, the current
Deputy Chairman Mr David Hearn, who has significant international FMCG
experience, will assume the role of Chairman and Ms Julia Hoare the role of
Deputy Chairman. The Board will also consider the appointment of an
additional independent non-executive Director with appropriate skills and
experience in
due course.
End CA:00261089 For:ATM    Type:GENERAL    Time:2015-02-25 08:35:50