Sale of 13.4% stake in Puhoi to Warkworth toll road

Fletcher Building Limited, 810 Great South Road, Penrose, Auckland 1061, New Zealand
10 November 2025

Fletcher Building completes sale of 13.4% stake in Pūhoi to Warkworth toll road

Fletcher Building announces the completion of the sale of its 13.4% stake in the NX2
Pūhoi to Warkworth toll road public-private partnership (PPP) vehicle for NZ$20.2 million
(inclusive of a pre-completion dividend) to a New Zealand-based infrastructure investor.

The transaction marks the conclusion of Fletcher Building’s equity investment in the NX2
vehicle, which the company has held since 2016.

Fletcher Building Managing Director and Chief Executive Officer Andrew Reding said:
“With the sale of our NX2 stake, we have now concluded our equity exposure to both the
Pūhoi to Warkworth toll road and PPP investments more generally. This move reflects our
ongoing focus on simplifying our portfolio and concentrating on our core manufacturing
and distribution competencies.”

ENDS

Authorised for release to the market by Haydn Wong, Company Secretary.
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For further information please contact:
INVESTORS Alex MacDonald, GM Corporate Finance & Investor Relations +64 21 221 4266 Alex.MacDonald@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