Fonterra Co-operative Group Limited

Fonterra Co-operative Group Limited manufactures and sells butter, cheese, dried milk, or casein, or any other product derived from milk or milk solids. The Company operates in two industrial segments: ingredients and consumer products (predominantly Fonterra brands). Ingredients’ operations comprise the manufacture and global marketing of dairy commodity and value-added ingredients products, including trading dairy products on other manufacturers’ behalf. Consumer products operations comprise the production, marketing and sale of value-added milk powders, liquid milks and yoghurts, packaged natural cheese, processed cheese, butter, spreads and cream to retailers and foodservice businesses in more than 30 countries. The Company disposed Naturalac Nutrition Ltd on February 8, 2007.