WA Plumbing Australia – Response to BGC Claims

Fletcher Building Limited, Private Bag 92114, Auckland 1142, 810 Great South Road, Penrose, Auckland 1061, New Zealand

WA Plumbing Australia – Response to BGC Claims
Auckland, 13 June 2024: Fletcher Building notes comments reported in the
media from BGC regarding the Perth plumbing failures.

We continue to participate in mediated discussions alongside the Western
Australian Government and many WA builders, including BGC, to finalise an
industry response to the plumbing failures occurring in Perth. These negotiations
are confidential and have not yet concluded.

The public claims made by BGC are a crude and apparent attempt to place
pressure on those negotiations. The conclusions shared by BGC have not been
verified, shared with Iplex and are, in many respects, inconsistent with evidence
we have gathered first-hand or been provided by other parties.

Fletcher Building stands by its views on causation shared with the market
previously.

We do however note BGC’s acknowledgment that early intervention has proven
to be a valuable mitigant, hence we look forward to settling an industry-led
response with WA parties if possible.

Fletcher Building remains committed to a sensible, data-led and proportional
solution from all parties and to playing its part in that process.
ENDS
Authorised by:
Haydn Wong
Company Secretary
For further information please contact:
MEDIA
Christian May
General Manager – Corporate Affairs
+64 21 305 398
Christian.May@fbu.com
INVESTORS AND ANALYSTS
Aleida White
Head of Investor Relations
+64 21 155 8837
Aleida.White@fbu.com