FLETCHER BUILDING LIMITED — Major Shareholding Notification 2009

Jan 29, 2009

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest or both

Sections 23 and 24, Securities Markets Act 1988

Relevant event being disclosed: Notice of change in the number of voting securities which a substantial security holder has a relevant interest

Date of relevant event: 28 January 2009

To New Zealand Stock Exchange

And Fletcher Building Ltd

Date this disclosure made: 29 January 2009

Date last disclosure made: 30 April 2008

Substantial security holder(s) giving disclosure

Name(s): The Capital Group Companies, Inc.

Contact details: Vivien Tan, ++213.615.0469, GRGroup@capgroup.com

Summary of substantial holding to which disclosure relates

Class of listed voting securities: ordinary shares

Summary for The Capital Group Companies, Inc.

For this disclosure,—

• (a) total number held in class: 36,750,610

• (b) total in class: 506,048,829

• (c) total percentage held in class: 7.2623%

For last disclosure,—

• (a) total number held in class: 31,033,609

• (b) total in class: 503,361,742

• (c) total percentage held in class: 6.1653%

Details of transactions and events giving rise to relevant event

Details of the transactions or other events requiring disclosure under the instructions to this form: On 28 January 2009, 1,594,225 shares were purchased. Please see details below.

		Transaction			Shares or
**Asset Description **	Activity	Type	Crncy	Price	Par
FLETCHER BUILDING
LTD	1/28/2009	Buy	NZD	5.4800	100,000
FLETCHER BUILDING
LTD	1/28/2009	Buy	NZD	5.4838	1,044,225
FLETCHER BUILDING
LTD	1/28/2009	Buy	NZD	5.5000	450,000

Details of relevant interests in substantial holding after relevant event

Details for The Capital Group Companies, Inc.

Nature of relevant interest(s): Non-beneficial owner of securities

For that relevant interest,—

• (a) number held in class: 36,750,610

• (b) percentage held in class: 7.2623%

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• (c) current registered holder(s) of securities: Please refer to attached schedule

• (d) registered holder(s) of securities once transfers registered: n/a

Additional information

Nature of connection between substantial security holders: n/a

Address(es) of substantial security holder(s): 333 South Hope Street, 55[th] Floor, Los Angeles, California 90071, USA

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: n/a

Declaration

I, Vivien Tan , declare that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

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Fletcher Building Ltd. Schedule of Holdings

Nominee Name	Shares Held
National Australian Bank LTD.	36,750,610
Total Shares Held	36,750,610