Acquisition of Humberside Aggregates Limited for £9.0m

Breedon, the UK’s largest independent construction materials group, announces that it has today completed the acquisition of Humberside Aggregates Limited (“Humberside”) for a total consideration of £9.0 million.*

Humberside is a leading independent sand & gravel quarry and aggregates merchanting
business based at North Cave near Hull in East Yorkshire, employing around 30 people. It
supplies a broad range of customers including ready-mixed concrete and mortar producers,
various Government agencies, local authorities, and local and national building and civil
engineering contractors.

In the year to 30 April 2017, Humberside reported an underlying EBITDA of £2.1 million on
revenues of £14.9 million. It has approximately 3.1 million tonnes of mineral reserves, with the
potential to secure additional reserves in the future.

The purchase price is being satisfied by the payment of £8.3 million in cash funded from the
Group’s existing resources, together with the assumption of £0.7 million of debt.

Commenting on the acquisition Pat Ward, Breedon’s Group Chief Executive, said: “This
acquisition provides Breedon Southern with a valuable source of aggregates in the important
markets of East Yorkshire and Humberside, where we already operate a sizeable ready-mixed
concrete business. It will enable us to create value by internalising the supply of sand and
gravel to our network of readymix and mortar plants, whilst serving a strong existing customer
base throughout the region.

“Humberside also operates a successful merchanting business, supplying limestone to builders’
merchants in the region. A proportion of this material currently comes from Breedon’s quarry at
Holme Hall, giving us the opportunity to optimise these volumes and benefit from improved
logistics planning.

“We look forward to welcoming all our new colleagues from Humberside to the Breedon Group.”