FLETCHER BUILDING LIMITED — Capital/Financing Update 2009

Feb 3, 2009

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News Release

STOCK EXCHANGE LISTINGS: NEW ZEALAND (FBU), AUSTRALIA (FBU).

Fletcher Building Finance NZ$100M Capital Notes issue to close on Thursday 5 February 2009

Auckland, 4 February 2009 - Fletcher Building Finance Limited (“Fletcher Building Finance”) announced that its issue of Capital Notes will close at 5pm on Thursday 5 February 2009.

The target of raising NZ$100 million through the Capital Notes issue has been reached and Fletcher Building Finance is continuing to accept oversubscriptions until the closing date.

All applications must be lodged or mailed by 5pm on Thursday 5 February 2009. No applications for the capital notes will be accepted or money received unless the applicant has received an investment statement.

For further information contact:

Philip King General Manager Investor and Media Relations Ph: +64 9 525 9043 Mob: +64 9 27 444 0203

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