Tri Pointe Homes (TPH) investor relations material

Executive summary

• A special meeting is scheduled for April 16, 2026, for shareholders to vote on a proposed merger with Sumitomo Forestry Co., Ltd., via its subsidiary Teton NewCo, Inc., at $47.00 per share in cash, representing a significant premium to recent trading prices.

• The board unanimously recommends approval of the merger, citing fairness, immediate liquidity, and a favorable premium, supported by a fairness opinion from Moelis & Company LLC.

• If approved, the company will become a wholly owned subsidiary of Sumitomo Forestry, delist from the NYSE, and cease public reporting.

• The merger is not subject to a financing condition; Sumitomo Forestry has secured a debt commitment for the transaction.

Voting matters and shareholder proposals

• Shareholders will vote on three proposals: (1) adoption of the merger agreement, (2) a non-binding advisory vote on executive compensation related to the merger, and (3) adjournment of the meeting if necessary.

• Approval of the merger requires a majority of outstanding shares as of the record date; failure to vote is counted as a vote against.

• The board recommends voting “FOR” all proposals.

Board of directors and corporate governance

• The board conducted a thorough review of strategic alternatives and determined the merger is in the best interests of shareholders.

• Directors and executive officers collectively own approximately 3.2% of outstanding shares and intend to vote in favor.

• The merger agreement includes customary representations, warranties, and covenants, including restrictions on soliciting other offers, with exceptions for superior proposals.