FLETCHER BUILDING LIMITED — Major Shareholding Notification 2012

Feb 27, 2012

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: 24 February 2012

To New Zealand Stock Exchange

And Fletcher Building Ltd

Date this disclosure made: 27 February 2012

Date last disclosure made: 04 March 2011

Substantial security holder(s) giving disclosure

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

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

Summary of substantial holding to which disclosure relates

Class of listed voting securities: ordinary share (ISIN: NSFBUE0001S0)

Summary for The Capital Group Companies, Inc.

For this disclosure,—

• (a) total number held in class: 64,323,596

• (b) total in class: 680,739,504

• (c) total percentage held in class: 9.4491%

For last disclosure,—

• (a) total number held in class: 50,703,096

• (b) total in class: 611,250,393

• (c) total percentage held in class: 8.2949%

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 24 February 2012, 2,000,000 shares were purchase. Please see details below

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**Asset Description **	Activity	Transaction Type	Crncy	Price	Shares
FLETCHER BUILDING LTD	24-Feb-12	Buy	NZD	6.419400	1,416,318
FLETCHER BUILDING LTD	24-Feb-12	Buy	NZD	6.436200	383,682
FLETCHER BUILDING LTD	24-Feb-12	Buy	NZD	6.450000	200,000

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: 64,323,596

• (b) percentage held in class: 9.4491%

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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, 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.

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Schedule

Nominee Name	Shares Held
JP Morgan Chase Bank	63,773,596
State Street Bank & Trust Company	550,000
Total Shares Held	64,323,596

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