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Investor Presentaiton

Content BORAL® 1. Overview of the transaction / strategic rationale 2. USG's IP / Technology and adjacent products 3. JV's combined footprint and markets 4. Synergies 5. Key transaction terms 6. Company specific factors 7. Summary Appendix USG Boral and USG are forming a US $1.6 billion¹ plasterboard and ceilings joint venture, USG Boral Building Products, bringing together Boral's leading plasterboard manufacturing and distribution footprint in Asia and Australia with USG's world-leading building products technologies and strategic assets in Asia and the Middle East. BORAL® USG 1. Asset value of US$1.6bn subject to finalisation of fair valuation, completion adjustments and final foreign exchange rates at the date of completion 3
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