• Reece received applications from Eligible Shareholders for 28.1 million shares
• Reece set the final Buy-back Price at $13.00 and accepted all shares tendered
• The buy-back represents 4.3% of Reece's issued share capital

Reece Limited ('Reece') today announced the successful completion of its off-market share buy-back process, first announced on Monday, 22 September 2025. In aggregate, Reece received applications from Eligible Shareholders of 28.1 million shares. Reece has determined to set the final Buy-back Price at $13.00, and accept all shares tendered into the buy-back, with no scale-back applied. This results in 28.1 million shares being repurchased, representing 4.3% of Reece's issued share capital, for a total value of $365 million. Peter Wilson, Chairman & CEO, stated that Reece is pleased with the successful outcome of the buy-back, as the tender demand exceeded the company's target of $250 million. This will enable Reece to return excess capital to shareholders while maintaining a strong balance sheet and conservative leverage ratio, while also retaining the flexibility to fund future growth. The buy-back will be treated as an off-market buy-back for Australian income tax purposes, and payments for shares bought back will commence on 24 October 2025.