Investor Presentaiton

Future potential development opportunities Boral has identified several large near term opportunities, all in Victoria Donnybrook, VIC Waurn Ponds, VIC Scoresby, VIC Boral DONNYBENOK site Olivine site 60ha 1,120 ha BORAL ■ 340 ha total land area Adjoins Mirvac Olivine estate " Boral land rezoned in Nov 2017 Subject to current negotiations ■ Potential earnings of $200m+ over 20 years ■ 1,020 ha land area with rehabilitation required post cement operations Designated growth corridor adjacent to Armstrong Creek SW of Geelong ■ Land rezoning strategy underway with land value directly related to rezoning ■ Potential rezoned land value $100m+ " 84 ha parklands and 87 ha proposed residential infill land Clay pits rehabilitation underway with manufacturing site leased until 2025 Rezoning strategy underway ■ Potential 'unzoned' land value $100m+ Agenda Strengthening and maintaining our position in South East Queensland (SEQ) • Boral Australia Overview Joe Goss • Major Projects Wayne Manners Cement Ross Harper Property Brian Tasker QLD Region Simon Jeffery Gateway Bridge, Qld BORAL 47 48

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