REECE LIMITED — Capital/Financing Update 2018

Oct 24, 2018

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ASX Announcement

25 October 2018

FY19 Update

Reece Limited (ASX: REH) provide an update for the first quarter of the 2019 financial year, announcing a 12.3 per cent increase in sales revenue for Reece Australia and New Zealand to A$732m compared to the same period last year (A$652m). This included like-for-like sales growth of 6.1 per cent.

The company’s recently acquired US-based plumbing, waterworks and HVAC business, MORSCO, achieved quarterly sales revenue of US$473m (A$646m).

Combined, Reece Limited declared a total sales revenue of A$1.38bn for the period.

EBITDA for the six months to December is forecast between A$250m to A$260m, excluding transactional costs.

Gavin Street Company Secretary

118 Burwood Highway Burwood Victoria 3125

Private Bag 107 T 61 3 9274 0000 ABN 84 004 097 090 Burwood Victoria 3125 F 61 3 9274 0199

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www.reecegroup.com.au