FLETCHER BUILDING LIMITED — Major Shareholding Notification 2012

Mar 14, 2012

Disclosure of beginning to have substantial holding

Section 22, Securities Markets Act 1988

To New Zealand Stock Exchange

And Fletcher Building Ltd

Date this disclosure made: 14 March 2012

Substantial security holder(s) giving disclosure

Name(s): The Income Fund of America

Contact details: Gina Martinez, ++213.615.0469, GRGroup@capgroup.com

Date on which substantial security holder(s) began to have substantial holding: 13 March 2012

Summary of substantial holding to which disclosure relates

Class of listed voting securities: Ordinary Shares (ISIN: NSFBUE0001SO)

Summary for The Income Fund of America.

For this disclosure,—

• (a) total number held in class: 34,100,000

• (b) total in class: 680,739,504

• (c) total percentage held in class: 5.0093%

Details of relevant interests currently in substantial holding

Details for The Income Fund of America.

Nature of relevant interest(s): Beneficial owner of securities

For that relevant interest,—

• (a) number held in class: 34,100,000

• (b) percentage held in class: 5.0093 %

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

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

Details of transactions and events giving rise to person beginning to have substantial holding

Details of the transactions or other events requiring disclosure under the instructions to this form: On 13 March 2012, 1,100,000 shares were purchased. Please see details below:

**Asset Description **	Activity	Transaction	Crncy	Price	Shares
FLETCHER BUILDINGLTD	3/13/2012	Buy	NZD	6.7200	100,000
FLETCHER BUILDING LTD	3/13/2012	Buy	NZD	6.7368	1,000,000

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:

The Capital Group Companies, Inc.

Declaration

I, Gina Martinez , 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.

Nominee Name	Shares Held
JP Morgan Chase Bank	34,100,000
Total Shares Held	34,100,000