Fletcher Building completes the sale of Tradelink

01/10/2024 08:30 NZDT, TRANSACT

Auckland, 30 September 2024: Fletcher Building Limited announced today that it has completed the sale of Tradelink, its Australian plumbing supplies and distribution business, to Metal Manufactures Pty Limited.

As previously disclosed, the sale price of A$170 million comprises a cash payment of A$160 million paid on settlement, with the remaining A$10 million cash payment based on achieving separation milestones. Separation is expected to take up to two years and be completed by September 2026.

ENDS

Authorised by:

Haydn Wong

Company Secretary

For further information please contact:

MEDIA

Christian May

General Manager – Corporate Affairs

+64 21 305 398

Christian.May@fbu.com

INVESTORS AND ANALYSTS

Aleida White

Head of Investor Relations

+64 21 155 8837

Aleida.White@fbu.com