FPH initiates voluntary limited recall

News Release
STOCK EXCHANGE LISTINGS: NEW ZEALAND (FPH), AUSTRALIA (FPH)

Fisher & Paykel Healthcare initiates voluntary limited recall of Airvo 2 and myAirvo 2
devices manufactured before 14 August 2017

Auckland, New Zealand, 27 March 2024 – Fisher & Paykel Healthcare Corporation Limited (NZX:FPH,
ASX:FPH) has initiated a voluntary limited recall of batches of Airvo 2 and myAirvo 2 devices
manufactured before 14 August 2017.

The voluntary limited recall relates to a speaker configuration issue that may result in distorted,
intermittent or inaudible alarm sound levels. This does not affect the therapy delivered by the Airvo 2 or
myAirvo 2 device and the devices will otherwise perform as intended. Beginning 14 August 2017, a new
speaker configuration from a different supplier was implemented into the manufacturing of Airvo 2 and
myAirvo 2 devices.

Airvo 2 and myAirvo 2 devices are used to deliver high flow therapy to patients. The Airvo 2 and
myAirvo 2 devices are not intended for life support and appropriate patient monitoring is required at all
times. If there is an interruption to therapy a patient may experience oxygen desaturation.

Fisher & Paykel Healthcare is consulting with the various international regulatory authorities to initiate
appropriate action in each country. The company will also be contacting distributors, dealers and
hospitals that may have products subject to this recall and will replace any affected devices. The
company estimates there are approximately 9,000 of the affected devices remaining in use.

Customers who have questions about the limited recall or require further information may contact their
local Fisher & Paykel Healthcare representative, Fisher & Paykel Healthcare regional sales office, or
distributor.

At this time the company estimates the costs associated with this limited recall will be approximately
$12 million which will be provisioned for in the company’s financial statements for the year ended 31
March 2024. When updated financial guidance was provided on 22 March 2024 the company did not
anticipate or include this recall.

Changes to building depreciation deductions in New Zealand

The company also advises that the Taxation (Annual Rates for 2023-24, Multinational Tax, and
Remedial Matters) Bill passed its third reading in New Zealand Parliament today. The bill removes
depreciation deductions for commercial and industrial buildings that were reinstated by the previous
government and will likely impact the company’s tax expense for the 2024 financial year. The company
is currently unable to quantify the financial impact of these changes.

About Fisher & Paykel Healthcare

Fisher & Paykel Healthcare is a leading designer, manufacturer and marketer of products and systems
for use in acute and chronic respiratory care, surgery and the treatment of obstructive sleep apnea. The
company’s products are sold in over 120 countries worldwide. For more information about the company,
visit our website www.fphcare.com.

Contacts:
Media Investors
Karen Knott
GM Corporate Communications
karen.knott@fphcare.co.nz
+64 (0) 21 713 911
Dan Adolph
Head of Investor Relations
daniel.adolph@fphcare.co.nz
+64 (0) 22 511 4050

Authorised by Fisher & Paykel Healthcare Corporation Limited’s Board of Directors.