Equity raise - Enabling our long- term success 6 April 2020 FULL - PowerPoint PPT Presentation

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Equity raise - Enabling our long- term success 6 April 2020 FULL YEAR RESULTS_2019 September 2019

Disclaimer This presentation is dated 6 April 2020 and has been prepared and authorised by Reece Limited (ABN 49 004 313 133) (“Reece”) in connection with: • a fully underwritten 3 for 55 pro rata accelerated non renounceable entitlement offer of new Reece fully paid ordinary shares ("New Shares") ("Entitlement Offer") to be made under section 708AA of the Corporations Act 2001 (Cth) ("Corporations Act") as modified by ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84 and ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73; • an institutional placement of New Shares to certain professional and sophisticated investors ("Placement"); and NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • a share purchase plan to eligible shareholders in Australia and New Zealand (the "Share Purchase Plan"), (the Share Purchase Plan, Entitlement Offer and the Placement are, together, the "Offer"). The Entitlement Offer will be made to eligible retail shareholders of Reece ("Retail Entitlement Offer") and eligible institutional shareholders of Reece ("Institutional Entitlement Offer"). NOT AN OFFER This presentation is not a prospectus, product disclosure statement or other disclosure document under Australian law (and will not be lodged with the Australian Securities and Investments Commission (“ ASIC ”)) or any other law. This presentation is for information purposes only and is not an offer or an invitation to acquire the New Shares or any other financial products in any jurisdiction in which, or to any person to whom, it would be unlawful to make such an offer or invitation. This presentation does not constitute investment or financial advice (nor tax, accounting or legal advice) or any recommendation to acquire New Shares and does not and will not form any part of any contract for the acquisition of New Shares. This presentation may not be distributed or released in the United States. This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States. The New Shares to be offered and sold under the Offer have not been, and will not be, registered under the U.S. Securities Act of 1933 (the “U.S. Sec urities Act”) or the securities laws of any state or other jurisdiction of the United States. Accordingly, the New Shares may not be offered or sold, directly or indirectly, to any person in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and any other applicable U.S. state securities laws. Shares issued under the Share Purchase Plan described in this presentation may not be offered or sold, directly or indirectly, to any person in the United States or any person that is acting for the account or benefit of a person in the United States. By accepting this presentation you represent and warrant that you are entitled to receive such presentation in accordance with the above restrictions and agree to be bound by the limitations contained herein. The distribution of this presentation (including an electronic copy) may be restricted by law in certain other countries. You sh ould read the important information set out in the ‘Foreign selling restrictions' in Appendix B to this presentation. Failure to comply with these restrictions may constitute a violation of applicable securities laws. Each recipient of this presentation should make their own enquiries and investigations regarding all information included in this presentation including the assumptions, uncertainties and contingencies which may affect Reece's future operations and the values and the impact that future outcomes may have on Reece. SUMMARY INFORMATION This presentation contains summary information about Reece and its activities which is current only as at the date of this presentation (unless otherwise stated). The information in this presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Reece or that would be required to be included in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act. Reece's historical information in this presentation is, or is based upon, information that has been released to the Australian Securities Exchange ("ASX"). This Presentation should be read in conjunction with Reece's other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au. FULL YEAR RESULTS_2019 September 2019 Reece Group | Equity Raising April 2020 2