FLETCHER BUILDING LIMITED — Capital/Financing Update 2018

Apr 16, 2018

APPENDIX 7 – NZSX Listing Rules

EMAIL: announce@nzx.com

Notice of event affecting securities

NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10.

Number of pages including this one (Please provide any other relevant details on additional pages)

For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required.

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Full name of Issuer Name of office make this noti		Fletcher Building Limited
		r autho ce	rised to				Authority for e.g. Director Charles Bolt - Company Secretary						event, s' resolution
							Charles Bolt - Company Secretary								Directors' Resolution
Contact phone number			+64 9 525 9000													17 04					2018
Nature of event Tick as appropriate			Bonus If ticked, Issue state whether: Taxable Rights Issue Capital Call Dividend non-renouncable X change							/ Non Taxable Con If ticked, state F whether: Interim Y			Rights Issue version Interest Renouncable ull ear Special DRP Applies
EXISTING securities affected by this If more than o Description of the class of securities Ordinary Shares										ne security is affected by the eve			nt, use a separate form ISIN				.
				Ordinary Shares													NZFBUE0001S0
																	If unknown, contact NZX
Details of securities issued pursuant to this event If more than one class of security is Description of the class of securities Number of Securities to Minimum be issued following event Entitlement Ordinary Sharers 156,287,094 (subject to rounding)										more than one class of security is			to be issued, ISIN	use a separate form for each class. If unknown, contact NZX Ratio, e.g 1 for 2 for NZFBUE0001S0 1
Description of the class of securities Number of Securities to be issued following event
				Ordinary Sharers													NZFBUE0001S0
																	If unknown, contact NZX Ratio, e.g 1 for 2 for 1
					156,287,094 (subject to rounding)																4.46
Conversion, Maturity, Call Payable or Exercise Date Strike price per security for a Strike Price available.				ny issue in lieu o	r d	N/A								Rounded up to nearest ne						w share
						ate Enter N/A if not applicable
Monies Associated with Event Amount per security (does not include any excluded income) Excluded income per security (only applicable to listed PIEs) Currency In dollars a					nd	Dividen cents		d payable, Call payable, Exercise price, Conversion price, Redemption price, Application money. Source of Payment Supplementary Amount per security dividend in dollars and cents details - N/A N/A
												N/A
	Amount per security (does not include any excluded income)
					$4.800
	Excluded income per security (only applicable to listed PIEs) Currency
					NZD													N/A
	Total monies				Approximately $750 million						NZSX Listing Rule 7.12.7 Date Payable							N/A
Taxation In the case of a taxable bonus issue state strike price							N/A				Amountper Security in Dollars and cents to six							decimalplaces
									Resident Withholding Tax		Imputation Credit (Give details) N/A
											N/A							s N/A
									Foreign Withholding Tax		FDP Credits (Give details) N/A
																		N/A
Timing (Refer Appendix 8 in t Record Date 5pm For calculation of entitlements - Notice Date Entitlement letters, call notices,					he N		ZSX Listing Rules)				Application Date Also, Call Payable, Dividend / Interest Payable, Exercise Date, Conversion Date. Allotment Date For the issue of new securities.
							19 April 2018 9.00pm NZ time							Institutional 18/4/2018; Retail 11/5/2018
conversion notices mailed							24 April 2018							Institutional 27/4/2018; Retail 18/5/2018
OFFICE USE ONLY Ex Date: Commence Quoting Rights: Cease Quoting Rights 5pm: Commence Quoting New Securities: Cease Quoting Old Security 5pm:											Security Code: Security Code: