Bremworth Limited — M&A Activity 2025

Oct 15, 2025

NZX Statement

15 October 2025

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Update on proposed scheme of arrangement (“Scheme”)

Bremworth Limited (NZX: BRW) announced on 2 October 2025 that it had entered into a Scheme implementation agreement (“SIA”) with Floorscape Limited, while also noting that the SIA remained subject to a number of conditions including shareholder approval, High Court approval, New Zealand Commerce Commission clearance, Australian Competition and Consumer Commission (“ACCC”) approval and an IRD ruling on the tax implications of the associated capital return.

conduct a public review of the Scheme and/or take action to oppose the Scheme. This

Subject to satisfying the remaining conditions, Bremworth and Floorscape are continuing to target completion of the Scheme in H1 2026.

Bremworth shareholders do not need to take any action at this stage.

-ENDS-

For media enquiries, please contact:

Mark Devlin Impact PR (for Bremworth Ltd) M: +64 21 509 060

Rob Hewett Bremworth Ltd M: +64 21 341 744