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Fonterra statement on National Foods

April 6, 2005

Fonterra statement on National Foods

Fonterra has confirmed that it is aware of San Miguel Corporation’s revised offer for National Foods. Fonterra is considering its position.

National Foods shareholders with any questions about the Fonterra offer can call our shareholder information line on 1800 333 360 (from Australia), 0800 776 646 (from New Zealand) or +612 9278 9259 (from all other countries) between 9am and 5pm Melbourne time.

ENDS

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