• Topco's entry into a conditional forward share purchase transaction with UBS AG
• Concurrent repurchase by Soul Patts of up to 100% of the outstanding $450 million Senior Unsecured Convertible Notes due 2030
• Proceeds from the Conditional Placement to be used for the purposes disclosed in the 2 June 2025 announcements

Brickworks Limited and Washington H. Soul Pattinson and Company Limited have announced Topco's entry into a conditional forward share purchase transaction with UBS AG, Australia Branch, referencing 14 million Topco shares (the 'Conditional Placement') and the concurrent repurchase by Soul Patts of up to 100% of the outstanding $450 million Senior Unsecured Convertible Notes due 2030 ('Repurchase'). The proceeds from the Conditional Placement would constitute part of the Topco share capitalisation disclosed in the announcements of 2 June 2025 and would be expected to be used for the purposes disclosed in those announcements. Soul Patts is carrying out a reverse bookbuilding process to receive indications of interest from holders of the outstanding Convertible Notes, with the number of notes to be repurchased and the repurchase price to be determined by the reverse bookbuilding process. Jefferies (Australia) Pty Ltd is acting as Sole Dealer Manager on behalf of Soul Patts for the Repurchase.