FLETCHER BUILDING LIMITED — M&A Activity 2010

Dec 14, 2010

Crane Group Limited

ABN 91 008 410 302

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Level 14, Fujitsu House 15 Blue Street North Sydney NSW 2060

Postal address Locked Bag 2125 North Sydney NSW 2059 Australia

Date: 15 December 2010

To: The Company Announcements Platform Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Telephone 61 2 8923 3000 Facsimile 61 2 8923 3060 Internet http://www.crane.com.au

Take no action in relation to takeover offer from Fletcher Building Limited for Crane Group Limited

Crane Group Limited (“Crane”) has noted the announcement by Fletcher Building Limited (Fletcher) of its proposal to acquire all of the ordinary shares of Crane for a consideration of one Fletcher share and A$3.43 in cash for each Crane share (“the Offer”).

The Board of Crane will meet as soon as possible to consider the Offer and will provide further advice to shareholders at that time. In the meantime the Board of Crane suggests shareholders take no action.

Crane has appointed UBS and Blake Dawson as its advisers.

For further information contact:

Greg Sedgwick Managing Director Ph (02) 8923 3000 Ph (02) 8923 3032

Geoff Davis UBS Ph (02) 9324 2479

Richard Saywell UBS Ph (02) 9324 2142

Media: Sue Cato Cato Counsel Ph (02) 93606606