Trend statement.

Trend

1 The Laminex group was acquired on 13 November 2002.

2 The Tasman Building Products group was acquired on 30 September 2003. The balance sheet at June 2004 has been restated under NZ IFRS.

3 The Amatek Holdings group was acquired on 1 March 2005. The results for June 2005 have been restated under NZ IFRS.

4 The Formica Corporation group was acquired on 2 July 2007.

5 The Crane group was acquired with an effective acquisition date of 28 March 2011.

6 EBIT /Average (net debt + equity + capital notes – deferred tax asset).

7 Net earnings/average shareholders' funds.