FLETCHER BUILDING LIMITED — Major Shareholding Notification 2017

Aug 31, 2017

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme: Fletcher Building Limited

ACN/ARSN: 69 098 026 281

1. Details of substantial holder (1)

Name: Schroder Investment Management Australia Limited ACN/ARSN (if applicable): 000 443 274 The holder became a 01/09/2017 substantial holder on:

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person’s Votes (5)	Voting Power (6)
Ordinaryshares	35,812,092	35,812,092	5.15%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
SIMAL	Power to dispose of securities	23,728,252 OrdinaryShares
SIM LTD	Power to dispose of securities	9,394,325 OrdinaryShares
SIMNA LTD	Power to dispose of securities	2,689,515 OrdinaryShares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
SIMAL	BNP Paribas Securities Services	BNP Paribas Securities Services	6,034,978 Ordinary Shares
SIMAL	Citicorp Nominees Ltd HK	Citicorp Nominees Ltd HK	3,444,259 Ordinary Shares
SIMAL	HSBC Custody Nominees (Australia) Ltd	HSBC Custody Nominees (Australia) Ltd	933,551 Ordinary Shares
SIMAL	JP Morgan Custodial Services	JP Morgan Custodial Services	10,357,218 Ordinary Shares
SIMAL	National Nominees Ltd - Melbourne	National Nominees Ltd - Melbourne	2,958,246 Ordinary Shares
SIM LTD	JP Morgan Chase B'Mouth	JP Morgan Chase B'Mouth	6,119,206 Ordinary Shares
SIM LTD	HSBC London	HSBC London	3,275,119 OrdinaryShares
SIMNA LTD	ABN Amro Mellon	ABN Amro Mellon	327,004 Ordinary Shares
SIMNA LTD	Citibank NY	Citibank NY	131,633 Ordinary Shares
SIMNA LTD	JP Morgan Chase B'Mouth	JP Morgan Chase B'Mouth	1,986,729 Ordinary Shares
SIMNA LTD	State Street Bank & Trust Co	State Street Bank & Trust Co	244,149 Ordinary Shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
SIMAL	01/05/2017 - 01/09/2017	$74,094,962.11		9,758,785

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are

Name and ACN/ARSN (if applicable)	Nature of association
Schroder Investment Management (Australia) Limited (“SIMAL”)	Related Fund Manager
Schroder Investment Management UK Limited ("SIM LTD")	Related Fund Manager
Schroder Investment Management North America ("SIMNA LTD")	Related Fund Manager

7. Address

The address of persons named in this form are as follows:

Name	Address
Schroder Investment Management Australia Limited(“SIMAL”)	Level 20, Angel Place, 123 Pitt Street, Sydney, 2000,Australia
Schroder Investment Management UK Limited ("SIM LTD")	31 Gresham Street, London EC2V 7QA, UK
Schroder Investment Management North America("SIMNA LTD")	31 Gresham Street, London EC2V 7QA, UK