Higgins signs Major Road Maintenance Contracts with NZTA

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

3 March 2026

Higgins signs Major Road Maintenance Contracts with NZTA

Fletcher Building announces that its subsidiary, Higgins Contractors, has now signed the
East Waikato, Bay of Plenty and Hawkes Bay Integrated Delivery Contracts (IDC) with the
New Zealand Transport Agency Waka Kotahi (NZTA) for state highway road
maintenance, each for a 10-year term from April 2026. Higgins Contractors’ appointment
as preferred contractor for the IDCs was previously announced in December 2025.

As announced on 20 January 2026, Fletcher Building has entered into a binding
agreement to sell its Construction Division to VINCI Construction (VINCI), with the
purchase price subject to potential increase pending the final outcome of key Divisional
contract negotiations. This adjustment was focused on execution of the IDCs. Fletcher
Building and VINCI are confirming the impact on the purchase price and this will be
advised separately.

Fletcher Building Managing Director and Group Chief Executive Officer Andrew Reding
said: “Securing the IDCs is a significant milestone for Higgins Contractors and a great
outcome for the Construction division more broadly. These contracts provide a strong
platform for the business over the next 10 years.”

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