There will be no new FBuShare offer for 2026.

This is because we realise that it can be costly for our people to meaningfully contribute to the plan and it does not fully support our new operating model where business unit performance is the key focus.

Where an offer is being made, eligible employees of the Fletcher Building Group are sent an invitation to apply to join FBuShare during the offer period (March each year).

Where the Group holds an email address for you, your invitation will be sent to your email address. If the Group does not have an email address for you, your invitation will be mailed to your postal address.

If you don't receive an invitation or you're not sure whether you are eligible, check with your team leader or People and Performance team.

You can choose the annual amount you wish to invest from your after-tax pay, subject to certain maximum and minimum annual amounts, which are set out in the Information Guide. This is your Annual Investment Amount.

You can increase the amount you invest (up to a maximum of NZ$5,000 a year, or the equivalent in other currencies), decrease the amount you invest (to a minimum of NZ$250 a year, or the equivalent in other currencies), suspend participation in the Plan, or withdraw from the Plan altogether during the Plan window (which is a period in March each year specified by Fletcher Building). You can also choose to sell some or all of your shares at any time – but if you sell your shares before the end of the Qualification Period you will no longer be entitled to Award Shares on those sold shares.

Your Annual Investment Amount will be divided by the number of after-tax payments you receive in the year, and the resulting amount will be deducted from each after-tax payment you receive (your Regular Payment). For example, if your Annual Investment Amount is NZ$3,600 and you are paid monthly, your Regular Payment will be NZ$300.

Your Regular Payment will be used to purchase shares in Fletcher Building on the NZSX or the ASX each month – these shares are called Purchased Shares.

If Fletcher Building declares a dividend in respect of shares that you hold in the Plan, the net cash amount of that dividend will be used to acquire additional shares, and these too will be held in the Plan. You may also become entitled to additional shares if the company undertakes a rights issue or bonus issue. These additional shares are referred to as Additional Shares and will also be held in the Plan.

If you remain employed within the Fletcher Building Group (in most circumstances) and retain ownership of your Purchased Shares for three years (the Qualification Period), you will receive 1 free share (Award Share) for every 2 Purchased Shares acquired using Regular Payments made in the first year of the Qualification Period. You will also be entitled to Award Shares on any Additional Shares on a similar basis.

The qualification period is three years. The qualification period for Purchased Shares ends on the third anniversary of the commencement of the plan year during which those Purchased Shares were acquired under the plan.

Once you join, you will remain in the Plan and will continue to invest the same Annual Investment Amount unless you vary your Annual Investment Amount, suspend your participation in the Plan or withdraw from the Plan.

As a Fletcher Building shareholder you will have full voting rights on any shares that you hold in the Plan.

If you are employed in a country where it is not possible or practicable due to local laws to offer shares (such as in Fiji or Tonga), you will be invited to participate in a phantom plan. The phantom plan will operate in the same way as the share plan, except that no actual shares will be physically purchased, held or sold. Instead the phantom plan will reflect the cash equivalent of the share plan.