With effect from completion of the Phase 1 Transaction, Kerry, Kerry Creameries Limited (a subsidiary of Kerry Dairy Holdings (Ireland) Limited) and the Co-Op have agreed that a fund of €50 million be established and funded by Kerry within Kerry Creameries Limited for the resolution of the ongoing dispute and related claims and arbitrations between Kerry Creameries Limited and certain milk suppliers in relation to the milk price paid and payable by Kerry Creameries Limited to certain milk suppliers pursuant to the Milk Supply Agreement which remains in place until 2026. Once the fund has been established the parties have agreed that Kerry will have no liability for any existing or future claims from Milk Suppliers under the Milk Supply Agreement. Separate communications with further detail in this regard will be issued by both the Co-Op and Kerry Creameries Limited to such milk suppliers.