Lion media statement re Warrnambool Cheese & Butter (WCB)

Lion acquired its shareholding in Warrnambool Cheese & Butter (WCB) to further strengthen the close relationship it has enjoyed with WCB over many years.

Lion’s rationale for acquiring its shareholding in WCB has not changed.

Lion has no current intention to accept Saputo’s takeover offer in relation to WCB.

Lion looks forward to continuing to strengthen its relationship with WCB.

For further information please contact:

Leela Sutton on 0402 260 540 or Tegan Flanagan on 0419 949 767