CHINA MILK PRODUCTS GROUP LIMITED

(Incorporated in the Cayman Islands with registration number CT-155106)

UPDATE ANNOUNCEMENT

China Milk Products Group Limited (the “Company”) refers to the announcements made on 20
September 2010 in relation to the directive issued by the Singapore Exchange Securities Trading
Limited (“SGX-ST”) on 17 September 2010 and wishes to update shareholders of the Company as
follows:

In response to the direction issued by SGX-ST, the Board of Directors has deliberated on the proposed
appointment of a quantity surveyor and has, by a majority vote (with the Singapore independent
directors voting in favour), determined against the appointment of such quantity surveyor as directed by
SGX-ST.

The Board (other than the Singapore independent directors) opined that the appointment of the quantity
surveyor should be made only after KPMG Advisory Services Pte Ltd (“KPMG”), the Special Auditor,
issued a preliminary/interim report on their findings to date. The Company believes that given the
substantial fees already billed and time incurred to date by KPMG and the Company on this special
audit, it would only be prudent to proceed with the appointment of the quantity surveyor after the
Company has some visibility on the findings of the special audit.

Shareholders and potential investors are strongly advised to exercise caution when dealing with
the shares of the Company, particularly, in view of the default by the Company in meeting its
payment obligations under its convertible bonds on time. When in doubt, Shareholders and
potential investors are advised to seek independent advice from their bankers, stockbrokers,
solicitors or other professional advisers.

By order of the Board

CHINA MILK PRODUCTS GROUP LIMITED

LIU HAILONG
CHIEF EXECUTIVE OFFICER
20 October 2010