Further information regarding Trading Halt of Securities

Memorandum

To: Market Participants
From: NZX Product Operations
Date: Tuesday, 13 February 2024
Subject: Fletcher Building Limited (“FBU”) — Further information regarding Trading Halt of Securities

Message:

NZ RegCo refers to the announcements released yesterday, Monday, 12 February 2024 regarding the application of a trading halt on Fletcher Building Limited (“FBU”) ordinary shares at the request of the issuer.

FBU is considering a number of matters, relevant to information to be released on Wednesday, 14 February 2024, including:
FBU’s half year results, including potential provisions and impairments;

earnings guidance for the full year, which FBU has indicated is likely to materially vary from current analyst forecasts;

FBU’s determination of the level of interim dividend or if no dividend will be paid; and information about the position of the CEO of FBU.

FBU has advised NZ RegCo that it intends to release this information before market open tomorrow, Wednesday, 14 February 2024 to be followed by an investor call at 11:00am. FBU will release full details about that investor call tomorrow morning.

FBU has advised NZ RegCo that the investor call is expected to conclude by midday on Wednesday, 14 February 2024. NZ RegCo considers it appropriate for additional time to be provided following the conclusion of the investor call, to enable investors and the market to consider and assess the information released by FBU and the commentary provided at the investor call.

Accordingly, NZ RegCo confirms that it has exercised its discretion and the halt will remain in place until 12:30pm on Wednesday, 14 February 2024.

Please contact NZX Product Operations on +64 4 496 2853 or [email protected] with any queries.

ENDS

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Announcement PDF