• Seeking shareholder approval for grant of performance rights to proposed Topco CEO
• Topco to adopt remuneration framework consistent with Soul Patts
• Proposed combination of Brickworks and Soul Patts to create $16.9 billion ASX-listed company

Brickworks is holding a general meeting to seek shareholder approval for the grant of 121,884 performance rights to the proposed Managing Director and CEO of Topco, Mr. Todd Barlow. Topco will adopt a remuneration framework and Rights Plan for its Executive KMPs that is consistent with that of Soul Patts, with the proposed Topco Rights Plan taking effect on implementation of the Share Schemes.The reason for seeking shareholder approval at this meeting is that no public annual general meeting of Topco is expected to be held in 2025 if the combination is implemented, and the first public annual general meeting of Topco is not expected to be held until November 2026. The Brickworks Independent Board Committee unanimously recommends that Brickworks shareholders vote in favor of the resolution.The proposed combination of Brickworks and Soul Patts will create a leading $16.9 billion ASX-listed company. The cross-shareholding between the two companies has been in place for 56 years and has promoted long-term decision making and created significant long-term value for shareholders. The time is now right to combine the two companies under one investment company.

The proposed combination of Brickworks and Soul Patts is expected to result in a business with a simplified and well-capitalized balance sheet and significantly increased scale, putting it in an even stronger position to deliver enduring value for all shareholders.