a2 Milk Company’s Mataura Valley Milk divestment becomes unconditional

The a2 Milk Company announced on October 16, 2025, that the divestment of Mataura Valley Milk Limited has become unconditional. This follows its initial announcement on August 18, 2025, regarding the sale of a2MC’s 75% shareholding and China Animal Husbandry Group's 25% shareholding in Mataura Valley Milk Limited to Open Country Dairy Limited. China Animal Husbandry Group has completed the necessary China regulatory filing, clearing the path for the transaction.

Completion of the divestment is scheduled to take effect by the end of October 2025. Further details regarding this transaction were provided in the company’s FY25 annual results and supply chain transformation update investor presentation, released on August 18, 2025.