Update in relation to Construction Division

Fletcher Building Limited, 810 Great South Road, Penrose, Auckland 1061, New Zealand

22 July 2025

Fletcher Building provides update in relation to Construction Division

Fletcher Building advises, by way of update to its announcement on 11 June 2025 and
its Investor Day presentations, that given the inbound interest received and following
completion of its strategic review, the Company has commenced exploring potential
divestment options in relation to its Construction Division and its Higgins, Brian Perry Civil
and Fletcher Construction Major Projects business units, including the appointment of
financial advisers.

Managing Director and Chief Executive Officer Andrew Reding noted “Given the quality
and strong recent performance of our Construction businesses, and the role they will play
in New Zealand’s growing infrastructure pipeline, we were not surprised to receive
inbound interest for them, which has motivated us to test whether there are attractive
divestment options. No decision has been made to sell at this time, and we will carefully
consider the value of any options presented from this process before deciding whether
to move ahead.”

Further updates will be provided as required in accordance with the Company’s
disclosure obligations.

ENDS

Authorised for release to the market by Haydn Wong, Company Secretary.
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For further information please contact:

INVESTORS Will Wright, Chief Financial Officer +64 21 490 251 Will.Wright@fbu.com
MEDIA Christian May, Chief Corporate Affairs Officer +64 21 305 398 Christian.May@fbu.com

For information on Fletcher Building visit fletcherbuilding.com