Impact of Cyclone Gabrielle – Update

Impact of Cyclone Gabrielle - Update In our release on 16 February 2023, Bremworth Limited (NZX: BRW) advised that Cyclone Gabrielle had impacted our Napier yarn spinning plant - with initial assessments confirming flooding at the site - and that a further update will be provided following a detailed assessment. Bremworth is now able to advise as follows having completed a preliminary site assessment: o There was widespread and extensive flooding throughout the Napier plant. o We can confirm all of our people have been contacted and are safe. o Napier is a key plant, supplying yarn to the carpet operation and dyed fibre to the Whanganui yarn plant and is likely to be offline for a yet to be determined, but significant, amount of time, and while we have inventory to meet current demand, we will be switching to alternative sources. o Representatives of our insurers have visited the plant and we have commenced appropriate discussions. o We will commence clean up as soon as we are able to gain full access to the site and will provide a further update once we are able to complete a detailed assessment. Our thoughts are also with the residents in the Hawke's Bay and Gisborne regions who have been impacted by Cyclone Gabrielle. 22 February 2023 ENDS For further information please contact: Greg Smith Chief Executive Officer gregsmith@bremworth.co.nz +64 21 711 622 End CA:00407112 For:BRW Type:GENERAL Time:2023-02-22 09:42:18