CSR Proposal at $9.00 per share

CSR Limited Response to media speculation

London Airing

CSR Limited Response to media speculation

  1. CSR Limited has received a non-binding, indicative proposal from Saint-Gobain for acquisition at $9.00 cash per share.

  2. The proposal allows CSR to pay a final dividend of up to $0.25 per share for the FY ending 31 March 2024, which will be deducted from the offer price.

  3. Conditions for the proposal include satisfactory due diligence, a scheme implementation deed, unanimous CSR Board recommendation, certain regulatory approvals, and CSR shareholder approval.

  4. The CSR Board has unanimously resolved to pursue the proposal and is providing Saint-Gobain with due diligence access.

  5. There is no certainty that the proposal will lead to a binding offer.

  6. CSR has appointed UBS Securities Australia Limited and Herbert Smith Freehills as financial and legal advisers.

  7. CSR shareholders are advised not to take any action regarding the proposal at this time.

This announcement is a summary of the company approved ASX announcement on 22/2/2024 and is based on facts.