Sale of Laminex Cheltenham property

Fletcher Building Limited, 810 Great South Road, Penrose, Auckland 1061, New Zealand
8 May 2026
Sale of Laminex Cheltenham property

Fletcher Building advises that its Laminex AU business unit has entered into a conditional
agreement to sell its property located in Cheltenham, Melbourne, Australia, to Forza
Capital for A$53.8 million. Completion of the sale is conditional upon Forza’s satisfactory
completion of environmental due diligence and receipt of internal governance approvals
by mid-June 2026. If the conditions are satisfied, the transaction is expected to complete
by the end of FY26.

Following the sale, the business will occupy the site for a minimum period of three years.
This will allow time for a broader review of the manufacturing site requirements for
Laminex AU to be completed.

If the sale completes in FY26 then, based on this purchase price, Fletcher Building
expects to record a gain on sale of ~A$14m in its FY26 EBIT, net of sales, lease
remediation and restructuring costs.

Managing Director and Chief Executive Officer Andrew Reding said “This transaction is a
further step in optimising the Group’s property footprint, while providing flexibility to
complete the Laminex AU footprint review. It also contributes to the Group’s ongoing
capital management objectives.”

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