REECE LIMITED — Director's Dealing 2022

Feb 7, 2022

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Reece Ltd
ABN	490 043 131 33

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Peter John Wilson
Date of last notice	6 May 2021

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	532,500 shares571,874 options129,838 performance rights
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	16,801,600 shares102,834,688 shares120,870,500
Date of change	28 October 2021

+ See chapter 19 for defined terms.

No.of	securitiesheld	priorto	Relevant interest deemed under section 608(3)(a) of Act due to a
change			director's interests in the following registered holders:
			WAL Investments Pty Ltd
			Relevant interest deemed under section 608(1)(c) of the Act. As set outin various substantial holder notices lodged by Two Hills Holdings PtyLtd, Mr Wilson is party to a Pre-Emptive Rights Agreement (a copy isannexed to the substantial holder notice dated 24 April 2017). On astrict reading of section 608(1)(c) of the Act, Mr Wilson arguably has arelevant interest in the shares set out in the various substantial holdernotices lodged by Two Hills Holdings Pty Ltd by virtue of the PreEmptive Rights Agreement (Pre-Emptive Shares), even though hedoes not have the right to demand the Pre-Emptive Shares. Theregistered holders of the Pre-Emptive Shares are:
			WAL Assets Pty Ltd as trustee for the Leslie Alan WilsonProperty Trust;
			Leslie Alan Wilson;
			Claire Elizabeth Worley;
			David Alan Wilson;
			Abtourk (Vic No.11) Pty Ltd as trustee for the John GayWilson Property Trust;
			JGW Investments Pty Ltd;
			John Gay Wilson;
			Bruce Campbell Wilson;
			Naomi Jane Wilson;
			Tyara Pty Ltd as trustee for the Bruce WC Wilson PropertyTrust;
			Florizel Investments Pty Ltd;
			Bruce WC Wilson;
			Andrew William Wilson;
			Penelope Kate Callaghan;
			James Bruce Wilson;
			Geronimo Custodian Pty Ltd as trustee for the GeronimoCustodian Trust;
			Glentemp Custodian Pty Ltd as trustee for the GlentempCustodian Trust; and
			Cub Custodian Pty Ltd as trustee for the Cub Custodian UnitTrust,(the Two Hills Parties).
Class			Performance rights under the Company's Long TermIncentive Plan
Number acquired			129,838 performance rights
Number disposed			0
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation			N/A

+ See chapter 19 for defined terms.

No. of securities held after change	120,870,500
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buyback	129,838performancerightsissuedundertheCompany's LTI Plan on 28 October 2021 in accordancewith shareholder approval obtained at the Company's2021 AGM.

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed period where prior writtenclearance was required?	N/A
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

+ See chapter 19 for defined terms.