LENDER INFO

Land O'Lakes, Inc. is a privately-held, member-owned company. By contract, certain lenders are entitled to view prescribed financial information on a quarterly basis. If you are an authorized representative of one of our lenders, a prospective investor in our non-public securities, an analyst employed by a reputable financial institution that regularly covers or intends to cover the Company, or a reputable market maker who regularly makes or intends to make a market in the Company's non-public securities (collectively, an "approved recipient"), please provide and submit the information requested below, and you will be contacted by a Land O'Lakes employee within five (5) business days. If we are able to properly verify your credentials, we will provide a password and a link to a secure data site that you will be able to access at the Company's discretion.

Our corporate structure

Land O’Lakes, Inc. is incorporated as a cooperative corporation. Cooperatives resemble traditional corporations with two primary distinctions:

• A cooperative’s shareholders, referred to as “members,” supply raw materials (i.e. milk) and/or purchase its goods and services (i.e. Feed).

• A cooperative ratably allocates its earnings from member business to its members based upon the amount of business conducted by each member.