FLETCHER BUILDING LIMITED — Capital/Financing Update 2015

Mar 26, 2015

News Release

==> picture [130 x 51] intentionally omitted <==

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

Fletcher Construction to build new office complex in Auckland’s Wynyard Quarter

Auckland, 27 March 2015 – Fletcher Building Limited announces that its subsidiary, Fletcher Construction, has entered into a conditional agreement to construct a new office building in Auckland’s Wynyard Quarter. The building will comprise one level of retail space and six levels of office space along with 152 car parks, and has been substantially leased to IT service provider Datacom. The property is designed to a five star green star certified rating standard.

Wynyard Precinct Holdings, the joint venture between Goodman Property Trust and Singapore’s sovereign wealth fund GIC, has conditionally agreed to purchase the property on completion of construction from Fletcher Building in March 2017, for NZ$86.2m.

Goodman Property Trust will also finance the construction of the building by way of a funding arrangement with Fletcher Building. This funding will be repaid on settlement of the completed building.

ENDS

For further information contact:

For Media: Shannon Huse Caldwell External Media Phone: 64 9 525 9085 Mobile: 027 807 2933 Email: Shannon.Husecaldwell@fbu.com

For Investors:

Philip King Group General Manager, Investor Relations & Capital Markets Phone: + 64 9 525 9043 Mobile: + 64 27 444 0203