FSF fonterra shareholders' fund units

Ann: GENERAL: FSF: FONTERRA ADVISES OF QUALITY IS

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    • Release Date: 05/08/13 10:30
    • Summary: GENERAL: FSF: FONTERRA ADVISES OF QUALITY ISSUE
    • Price Sensitive: No
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    FSF
    05/08/2013 08:30
    GENERAL
    
    REL: 0830 HRS Fonterra Shareholders' Fund (NS)
    
    GENERAL: FSF: FONTERRA ADVISES OF QUALITY ISSUE
    
    On Friday 2nd August 2013 Fonterra advised regulatory authorities and
    customers of a quality issue involving three batches of Fonterra whey protein
    concentrate (WPC80) produced at the Hautapu manufacturing site in New
    Zealand. The affected product contains a strain of Clostridium, which has the
    potential to cause botulism.
    
    There have been no confirmed reports of any illness linked to consumption of
    the affected whey protein.
    
    Food safety is Fonterra's number one priority. The Co-operative takes matters
    of public health extremely seriously and is doing everything it can to assist
    its eight impacted customers to take appropriate actions in the consumer
    marketplace.
    
    Fonterra is working closely with New Zealand's regulatory authority - the
    Ministry for Primary Industries - as well as other regulatory authorities in
    other countries in order to ensure New Zealand and offshore regulators are
    informed.
    
    It is only products which use Fonterra's WPC80 as an ingredient which are
    affected.
    
    Other dairy products which do not contain WPC80 are not affected by the
    issue. The products which are not affected include: Whole Milk Powder, Skim
    Milk Powder, fresh milk, yoghurt, cheese, butter and other spreads and UHT
    milk.
    
    None of the products which Fonterra will continue to sell on its GDT
    (GlobalDairyTrade) auction platform are affected by this issue.
    
    No Fonterra-branded consumer products are affected by the issue and Fonterra
    has assured consumers in global markets including Australia, Asia, China,
    Latin America, New Zealand and the Middle East that none of Fonterra's range
    of branded consumer products contains the affected WPC80.
    
    Fonterra has also announced that its animal feed subsidiary, NZAgBiz, which
    is one of the eight customers that received affected whey protein concentrate
    (WPC80), has completed a thorough inventory of its animal feed products and,
    as a result, has announced an immediate product recall of a small amount of
    calf milk replacer sold in the North Island.
    
    In addition, the eight impacted customers have now commenced notifications
    regarding the status of any products containing WPC80.
    
    In cases where products are known to have been released recalls are already
    underway.
    
    There has been speculation about actions on the part of Chinese authorities.
    As far as Fonterra is aware, the New Zealand Government is working with
    Chinese authorities to determine the scope of the reaction, and no official
    notification has been received.
    
    Further updates will be released to the market as information becomes
    available
    End CA:00239270 For:FSF    Type:GENERAL    Time:2013-08-05 08:30:08
    				
 
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