Share trades by Executive Leadership Team

31/08/2026 08:31 NZST, SHINTR3

The a2 Milk Company (the Company, or a2MC) advises that, consistent with the approach in 2025 and the previously communicated view of the Company’s Board, members of its Executive Leadership Team (ELT) have sold shares equivalent to up to 50% of the a2MC shares received following vesting of FY24 performance rights issued under the Company’s long-term incentive plan. The shares were sold on-market predominantly to cover tax obligations arising following the vesting of performance rights.

All ELT members who have had more than one grant of performance rights vest while in an ELT role currently exceed their Executive Minimum Shareholding Requirement.

Further details of the recent share sales are provided in the NZX Ongoing Disclosure Notices and the ASX Appendix 3Y attached to this announcement.

The Company separately notes recent share purchases by a number of its non-executive directors.

Authorised for release by the Board of Directors

Pip Greenwood

Chair

The a2 Milk Company Limited