Golden Bay’s Aotearoa Chief Vessel Returns to Service

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

Golden Bay’s Aotearoa Chief Vessel Returns to Service

Auckland, 14 August 2024: Fletcher Building (the ‘Company’) has provided an update
on the status of Golden Bay’s cement transport ship the Marine Vessel Aotearoa Chief
(MVAC). This follows the Company’s announcement on 29 July 2024 that the MVAC,
which is owned and operated by a third-party provider, was experiencing mechanical
issues.

The Company is pleased to report that the issue with the MVAC has been resolved in
an earlier timeframe than initially forecast. The vessel has now returned to service,
having undergone the necessary checks with marine authorities.

When the issue became apparent, Golden Bay immediately engaged with its
customers and enacted its contingency plans, which included implementing the use of
alternative transport options to distribute cement and sourcing the use of alternative
cement supplies.

Given the earlier return to service of the MVAC than initially estimated, the impact to the
Company’s earnings is now expected to be at the lower end of the original assessment
of between a $10 - $30million EBIT impact.

Golden Bay would like to express its thanks to its customers for their understanding
while it worked to address the issue. The Company would like to also acknowledge the
other cement suppliers that have supported it, via the supply contingency plans.

#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