FLETCHER BUILDING LIMITED — Director's Dealing 2009

Oct 15, 2009

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	Fletcher Building Limited
ABN	096046936

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director		Hugh Alasdair Fletcher
Date of last notice		16 October
	2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	(a) Shares held by a company, Arrow
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Wrights Limited,(b) Shares held by a company, Fletcher
	Brothers Limited,
	(c) Shares held by a family trust, H A & A
	G Fletcher, as trustees of the JMC
	Fletcher Family Trust,
	(d) Shares held by an estate, H A & A G
	Fletcher, as trustees of the JMC Fletcher
	estate.
Date of change	16 October 2009
No. of securities held prior to change	1,011,659
Class	Ordinary shares
Number acquired	0
Number disposed	142,375
Value/Consideration	NZ$761,706
Note: If consideration is non-cash, provide details and estimated
valuation

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 869,284 Nature of change Disposal of shares acquired on 12 May 2009

Example: on-market trade, off-market trade, exercise of options, issue of under the Company's Top-Up Offer as securities under dividend reinvestment plan, participation in buy-back required by the ASX due to a failure to obtain prior shareholder approval to the issue pursuant to ASX listing rule 10.11.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract

Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002