Boral Strategic Update and Developments

Generating significant value through an integrated life-cycle approach to land management Boral Australia manages a large land bank (400+ properties) through all operational stages to disposal Key activities Securing site tenure and related government approvals, including land use to supply major projects Facilitating stakeholder engagement Managing leases and property administration Developing future end-use options Key challenges Securing government approvals for greenfield, upgrades or rezoning Ongoing urban encroachment impacting existing locations Expanding operational life timeframes New need identified Development approval Capital approval Operational Life Develop¹ or sell Land Disposal Land use approvals planning Operational End use strategy Rehabilitate site BORAL 1. Boral engages external land developers to manage this process 35 BORAL anning tional Building and protecting our leading positions Our goal is to build and protect Boral's leading positions through a life-cycle approach throughout the operational life of our land assets Decades of proactive planning, investment and stewardship to secure resource • positions, through: Identification and securing land and resource assets Working with Government on extractive policy to protect sites Delivering timely, cost effective, sector leading regulatory approvals need identified Locate Development approval Capital approval Operational Life • Maintaining regulatory compliance and community support to operate End use strategy 36

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