Fletcher Building welcomes Hunua Quarry Fast Track approval

Fletcher Building Limited, 810 Great South Road, Penrose, Auckland 1061, New Zealand
15 October 2026

Fletcher Building welcomes Hunua Quarry Fast Track approval

The Expert Panel has today issued its decision under the Fast Track Approvals Act
approving the development of Winstone Aggregates' Hunua Quarry. The decision
enables the expansion and deepening of the existing quarry, providing access to
approximately 225 million tonnes of high-quality greywacke. This materially increases
the available and consented resource and supports future quarry operations at Hunua
for more than 50 years. The approvals package includes the principal consents and
authorisations required for the development of the quarry and related conditions.

Fletcher Building Managing Director and Chief Executive Officer Andrew Reding said:
"This decision secures a significant long-term source of aggregate for Auckland.
Aggregate is an essential input into the infrastructure, housing and commercial
development projects that support New Zealand's growth. Hunua has supplied
aggregate to the Auckland region for around a century, and these approvals will help
ensure the continued availability of locally sourced materials close to key markets.

"The approvals include a comprehensive set of conditions. We are committed to meeting
these requirements and will continue to engage constructively with mana whenua,
neighbouring landowners and the local community as the project progresses."

ENDS

Authorised for release to the market by Haydn Wong, Company Secretary.
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For further information please contact:
INVESTORS Jeremy Yan, GM Corporate Finance & Investor Relations +64 27 295 2384 Jeremy.Yan@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