FLETCHER BUILDING LIMITED — Director's Dealing 2009

May 12, 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	Jonathan Peter Ling
Date of last notice	13 November 2008

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.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trustNote: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be	In the case of a trust, this includes interests in the trust made available by the responsible entity of the trustNote: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be	In the case of a trust, this includes interests in the trust made available by the responsible entity of the trustNote: 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 interestDirect and indirect
Direct or indirect interest	Direct and indirect
Nature of indirect interest	(a) Shares held by a superannuation fund, J
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	P & D L Super Fund(b) Shares held by a family trust, J P & D L
	Ling Invest Unit A/C(c) Shares held by a share scheme, FletcherBuilding Share Schemes Limited(d) Shares held by a superannuationscheme, Fletcher Building NomineesLimited
Date of change	12 May 2009
No. of securities held prior to change	708,730
Class	Ordinary shares and options over ordinaryshares
Number acquired	1,214 ordinary shares
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	NZ$7,319

• See chapter 19 for defined terms.

19/04/06

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 709,944 (209,944 ordinary shares and 500,000 options over ordinary shares) Nature of change Increase of an entitlement to acquire Fletcher

Example: on-market trade, off-market trade, exercise of options, issue of Building ordinary shares held as part of a securities under dividend reinvestment plan, participation in buy-back retirement benefit by way of reinvestment of the proceeds of the April 2009 dividend.

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