Milan, 5 December 2022 - On 8 November 2022, Webuild announced the entry into a conditional sale and purchase agreement ("SPA") with Murray & Roberts relating to the acquisition by Webuild of the entire share capital of the Australian company Clough Limited (“Clough”).

Webuild now announces that the parties have jointly determined and agreed that there is no reasonable prospect of that acquisition proceeding through to a successful completion.

The parties have therefore unconditionally agreed to terminate the SPA with immediate effect.

Webuild will continue to look for opportunities for growth, including in the Australian market, in accordance with its previously announced strategies.