Demand continues to grow amongst Australian and Chinese mothers...

Demand continues to grow amongst Australian and Chinese mothers – The growing success of a2 Platinum® is based on the well established quality reputation of the a2 Milk® brand in Australia

• Experiencing stock shortages in first half despite increased production
• Building further milk supply in NZ to increase production in FY17

PAGE 13 of presentation

• Gross margin increase reflects ongoing growth in Australian fresh milk business and significant acceleration of infant formula. Trend has continued strongly into FY16

• a2MC now directly manages sales and distribution with a growing team based in Shanghai and Auckland

• The business is performing well ahead of plan in FY16 and is posting positive EBITDA returns - UK

• The UK business now on track to achieve monthly breakeven ahead of plan, by end of FY16


Just a few pointers from the presentation....

I think we are in good hands