• RWC to undertake a further on-market share buy-back targeting A$120 million
• Buy-back reflects Board's confidence in RWC's strategy and outlook
• Buy-back to be funded using cash reserves and available borrowing facilities

Reliance Worldwide Corporation Limited (RWC) has announced that it will undertake a further on-market share buy-back targeting A$120 million. This buy-back is in addition to the on-market share buy-back for approximately US$15.3 million announced on 17 February 2026 as part of the company's distribution for the half year ended 31 December 2025. The A$120 million buy-back will be implemented by varying the current on-market share buy-back and will be funded using a combination of cash reserves and available borrowing facilities. RWC Chair Russell Chenu stated that this additional buy-back reflects the Board's confidence in RWC's strategy and outlook, and is an appropriate use of available cash reserves and borrowing facilities. RWC has continued to generate strong cash flows over the past two years despite subdued end markets, enabling the company to substantially reduce net debt and fall below the bottom end of its target leverage ratio range of 1.5 to 2.5 times net debt to EBITDA. Undertaking this additional share buy-back will enable RWC to return excess capital to shareholders efficiently and is consistent with the company's previously articulated capital management strategy.