• ADS program to be terminated in connection with merger and NYSE listing
• Holders required to surrender ADRs for 1-for-1 exchange of ordinary shares
• Termination subject to merger closing conditions

James Hardie Industries plc, which is listed on the Australian Securities Exchange (ASX) and has American Depositary Shares (ADSs) traded on the New York Stock Exchange (NYSE), has announced the termination of its ADS program. The company is party to a merger agreement with The AZEK Company Inc., pursuant to which James Hardie's ordinary shares will be listed for trading on the NYSE. The company believes the ADS program will become unnecessary as a result of this NYSE listing and intends to terminate the ADS program in connection with the merger and listing. Effective on the termination date of July 1, 2025, each registered holder of ADRs will be required to surrender their ADRs to the company's exchange agent for cancellation and exchange to receive one ordinary share of James Hardie for every one ADS evidenced by the surrendered ADRs. However, the termination is subject to the satisfaction or waiver of various conditions under the merger agreement, and there is no assurance as to when or if the merger, listing, and related termination of the ADS program will occur.