FLETCHER BUILDING LIMITED — Major Shareholding Notification 2018

Dec 18, 2018

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Fletcher Building Limited Private Bag 92114 Auckland 1142 810 Great South Road Penrose Auckland 1061 New Zealand fletcherbuilding.com +64 9 525 9000

19 December 2018

Substantial Product Holder Notice – The Vanguard Group, Inc.

Attached is the substantial product holder notice lodged by The Vanguard Group, Inc. with NZX advising of their disclosure of beginning to have substantial holding.

ENDS

Disclosure of beginning to have substantial holding

Section 276, Financial Markets Conduct Act 2013

Note: This form must be completed in accordance with the instructions at the end of the form.

To NZX Limited

and

To Fletcher Building Limited

Date this disclosure made: 18 December 2018

Date on which substantial holding began: 13 December 2018

Substantial product holder(s) giving disclosure

Full name(s): The Vanguard Group, Inc.

Summary of substantial holding

Class of quoted voting products: Ordinary shares

Summary for The Vanguard Group, Inc.

For this disclosure,—

• (a) total number held in class: 47,403,706

• (b) total in class: 853,347,141

• (c) total percentage held in class: 5.555%

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Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure:

Date	Change	Price	ShareQuantity
15‐Aug‐18	Sell	6.80	(4,992)
15‐Aug‐18	Buy	6.20	1,830
16‐Aug‐18	Buy	6.89	76,088
16‐Aug‐18	Buy	6.91	1,851
16‐Aug‐18	Buy	6.82	25,774
17‐Aug‐18	Buy	6.90	43,484
17‐Aug‐18	Buy	6.90	115,007
20‐Aug‐18	Buy	6.93	89,742
20‐Aug‐18	Buy	6.93	36,342
21‐Aug‐18	Buy	6.88	17,106
21‐Aug‐18	Buy	6.88	6,928
21‐Aug‐18	Buy	6.90	646
21‐Aug‐18	Buy	6.29	3,050
22‐Aug‐18	Buy	6.75	6,026
22‐Aug‐18	Buy	6.75	2,440
28‐Aug‐18	Buy	6.35	2,275
28‐Aug‐18	Sell	6.35	(2,275)
29‐Aug‐18	Buy	5.99	116,571
4‐Sep‐18	Buy	5.78	3,058
5‐Sep‐18	Sell	6.27	(999)
6‐Sep‐18	Buy	5.73	22,052
7‐Sep‐18	Buy	6.20	11,584
7‐Sep‐18	Buy	6.20	4,380
7‐Sep‐18	Sell	6.20	(16,598)
10‐Sep‐18	Buy	6.06	2,181
10‐Sep‐18	Buy	5.55	2,780
12‐Sep‐18	Buy	6.23	6,570
12‐Sep‐18	Sell	6.22	(1,008)
12‐Sep‐18	Sell	6.24	(56,474)
14‐Sep‐18	Buy	6.33	6,084
14‐Sep‐18	Buy	6.33	952
17‐Sep‐18	Buy	6.38	955
17‐Sep‐18	Buy	6.37	7,032
17‐Sep‐18	Buy	5.84	3,058
18‐Sep‐18	Buy	6.32	931
18‐Sep‐18	Sell	6.35	(2,391)
20‐Sep‐18	Buy	6.23	4,781
21‐Sep‐18	Sell	6.29	(34,792)
21‐Sep‐18	Sell	6.29	(43,931)
21‐Sep‐18	Sell	6.29	(13,134)

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21‐Sep‐18	Sell	6.29	(3,829)
26‐Sep‐18	Buy	6.47	4,520
26‐Sep‐18	Buy	6.47	9,040
26‐Sep‐18	Buy	6.47	11,300
26‐Sep‐18	Buy	6.49	1,351
26‐Sep‐18	Buy	5.98	1,614
27‐Sep‐18	Buy	5.93	20,713
1‐Oct‐18	Buy	6.52	6,780
1‐Oct‐18	Buy	5.98	2,340
2‐Oct‐18	Buy	6.59	18,080
2‐Oct‐18	Sell	6.59	(3,230)
3‐Oct‐18	Buy	6.49	6,780
8‐Oct‐18	Buy	5.73	2,340
10‐Oct‐18	Sell	6.22	(26,635)
10‐Oct‐18	Sell	6.22	(112,829)
10‐Oct‐18	Sell	6.22	(21,934)
11‐Oct‐18	Buy	6.18	4,464
11‐Oct‐18	Buy	5.62	3,120
15‐Oct‐18	Buy	6.09	7,440
16‐Oct‐18	Buy	6.11	60,832
16‐Oct‐18	Sell	6.11	(997)
17‐Oct‐18	Buy	6.10	19,852
17‐Oct‐18	Buy	5.63	4,420
18‐Oct‐18	Buy	6.21	41,624
18‐Oct‐18	Sell	6.23	(535)
19‐Oct‐18	Buy	6.11	4,464
19‐Oct‐18	Buy	6.09	9,287
19‐Oct‐18	Buy	6.11	6,780
23‐Oct‐18	Buy	5.88	6,215
23‐Oct‐18	Buy	5.98	4,049
24‐Oct‐18	Buy	5.30	3,120
25‐Oct‐18	Buy	5.74	5,650
25‐Oct‐18	Buy	5.25	3,640
26‐Oct‐18	Buy	5.79	148,911
26‐Oct‐18	Buy	5.80	137,824
26‐Oct‐18	Buy	5.80	24,842
26‐Oct‐18	Buy	5.34	91,604
30‐Oct‐18	Buy	5.92	14,910
31‐Oct‐18	Buy	6.00	68,253
31‐Oct‐18	Buy	6.07	7,910
31‐Oct‐18	Buy	5.57	834
31‐Oct‐18	Buy	5.57	4,448
31‐Oct‐18	Sell	6.04	(16,042)
31‐Oct‐18	Buy	6.04	16,042

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1‐Nov‐18	Buy	5.94	11,300
1‐Nov‐18	Sell	5.96	(55,916)
1‐Nov‐18	Buy	5.46	23,321
1‐Nov‐18	Buy	5.46	556
2‐Nov‐18	Sell	5.95	(19,187)
2‐Nov‐18	Sell	5.95	(23,631)
2‐Nov‐18	Buy	5.50	3,614
5‐Nov‐18	Sell	5.85	(6,416)
7‐Nov‐18	Buy	5.99	9,040
7‐Nov‐18	Buy	5.90	12,567
9‐Nov‐18	Buy	5.98	4,183
9‐Nov‐18	Sell	6.10	(1,599)
12‐Nov‐18	Buy	5.87	6,780
12‐Nov‐18	Buy	5.51	3,614
13‐Nov‐18	Buy	5.84	2,574
14‐Nov‐18	Buy	5.71	6,780
14‐Nov‐18	Buy	5.71	9,040
15‐Nov‐18	Buy	5.65	1,292
21‐Nov‐18	Buy	4.70	9,040
22‐Nov‐18	Buy	4.34	3,892
28‐Nov‐18	Buy	4.75	744
28‐Nov‐18	Buy	4.75	4,464
28‐Nov‐18	Buy	4.75	5,650
29‐Nov‐18	Buy	4.47	3,058
30‐Nov‐18	Buy	4.77	572
30‐Nov‐18	Sell	4.78	(20,154)
3‐Dec‐18	Buy	4.80	1,144
3‐Dec‐18	Buy	4.55	3,614
4‐Dec‐18	Buy	4.76	9,040
4‐Dec‐18	Buy	4.80	8,623
6‐Dec‐18	Buy	4.74	10,012
7‐Dec‐18	Buy	4.70	9,040
7‐Dec‐18	Buy	4.70	7,910
10‐Dec‐18	Buy	4.56	7,662
11‐Dec‐18	Buy	4.65	6,780
11‐Dec‐18	Buy	4.65	9,040
11‐Dec‐18	Buy	4.45	5,760
11‐Dec‐18	Buy	4.45	3,456
12‐Dec‐18	Buy	4.70	6,780
12‐Dec‐18	Buy	4.70	19,210
12‐Dec‐18	Buy	4.70	6,780
12‐Dec‐18	Buy	4.70	16,149,838
12‐Dec‐18	Buy	4.49	196,874
13‐Dec‐18	Buy	4.91	1,292

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Buy 4.91 329

13‐Dec‐18

Additional information

Address(es) of substantial product holder(s):

The Vanguard Group Inc. – P.O. Box 2600, V26 Valley Forge, PA 19482 USA

Contact details: Shawn Acker, 001-610-669-8989, Vanguard_Fund_Compliance@Vanguard.com

Certification

I, Shawn Acker , certify 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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