The Home Depot^® announced today that its wholly owned subsidiary, Gold Acquisition Sub, Inc. ("Purchaser"), has extended the expiration date of its tender offer to purchase, subject to certain conditions, all of the outstanding shares of common stock of GMS (the "Shares"), at a price of $110.00 per Share in cash, without interest and subject to any required withholding of taxes.

The offer, which was previously scheduled to expire at one minute after 11:59 p.m., Eastern time, on Friday, August 22, 2025, has been extended until one minute after 11:59 p.m., Eastern time, on Wednesday, September 3, 2025.

The offer is being made pursuant to the terms of the previously announced merger agreement, dated June 29, 2025, by and among The Home Depot, Purchaser and GMS (the "merger agreement"). Consummation of the tender offer remains subject to, among other conditions, the expiration or termination of the applicable waiting period under the Canadian Competition Act and the tender, as of immediately prior to the expiration time, of a majority of the Shares then outstanding. The tender offer may be extended further in accordance with the terms of the merger agreement and the applicable rules and regulations of the U.S. Securities and Exchange Commission. All other terms and conditions of the tender offer will remain unchanged during the extended period.

Broadridge Corporate Issuer Solutions, LLC, the depositary for the tender offer, has advised Purchaser that, as of 11:59 p.m., Eastern time, on Friday, August 22, 2025, approximately 29,310,002 Shares have been validly tendered and not properly withdrawn pursuant to the tender offer, representing approximately 77% of the outstanding Shares. Stockholders who have already tendered their shares do not need to retender such shares or take any other action as a result of the extension of the tender offer.

D.F. King & Co., Inc. is acting as the information agent for the tender offer. Requests for documents and questions regarding the tender offer may be directed to D.F. King & Co., Inc. by telephone, toll-free at (800) 331-7543 for shareholders, or collect at (212) 771-1133 for banks and brokers.