FLETCHER BUILDING LIMITED — Major Shareholding Notification 2020

Feb 11, 2020

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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

12 February 2020

Substantial Product Holder Notice – BlackRock, Inc. and related bodies corporate

Attached is the substantial product holder notice lodged by BlackRock, Inc. and related bodies corporate with NZX advising of their disclosure of ceasing to have substantial holding.

Andrew Clarke Company Secretary

For further information please contact:

INVESTORS AND ANALYSTS

Aleida White Head of Investor Relations +64 21 155 8837 Aleida.White@fbu.com

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

To : New Zealand Stock Exchange

and

To : Fletcher Building Limited

Date this disclosure made: 12 February 2020

Date last disclosure made: 10 February 2020

Date on which substantial holding ceased: 10 February 2020

Substantial product holder(s) giving disclosure

Full name(s): BlackRock, Inc. and related bodies corporate

Summary of previous substantial holding

Class of quoted voting products: ordinary shares

Summary for: Product holders listed in Appendix A

For last disclosure,—

• (a) total number held in class: 41,290,486

• (b) total in class: 825,453,215

• (c) total percentage held in class: 5.002%

For current holding after ceasing to have substantial holding,—

• (a) total number held in class: 41,152,313

• (b) total in class: 825,453,215

• (c) total percentage held in class: 4.985%

Details of transactions and events giving rise to ceasing of substantial holding

Details of the transactions or other events requiring disclosure: Refer to Appendix B

Additional information

Address(es) of substantial product holder(s): Refer to Appendix A

Contact details: Maria Tricarico, Tel +1-302-797-3901, Email kayla.mcgrory@blackrock.com

Nature of connection between substantial product holders: Refer to Appendix A

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Not Applicable

1

Certification

I, Maria Tricarico, 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.

2

Appendix A

	Appendix A
Holder of Relevant Interests	Class CCY Number of Securities % Total Held in Class Nature of Association Address
BlackRock (Netherlands) B.V.	ORD NZD 158,875 0.019% subsidiary of BlackRock Inc. Rembrandt Tower, 17th floor Amstelplein Amsterdam Netherlands
BlackRock (Singapore) Limited	ORD NZD 36,683 0.004% subsidiary of BlackRock Inc. 20 Anson Road #18-01 079912 Singapore
BlackRock Advisors (UK) Limited	ORD NZD 4,293,025 0.520% subsidiary of BlackRock Inc. 12 Throgmorton Avenue. London, EC2N 2DL, United Kingdom
BLACKROCK ADVISORS, LLC	ORD NZD 439,712 0.053% subsidiary of BlackRock Inc. 1209 Orange Street, Wilmington, New Castle County, Delaware 19801,United States
BlackRock Asset Management Canada Limited	ORD NZD 657,202 0.080% subsidiary of BlackRock Inc. 161 Bay Street, Suite 2500 Toronto, Ontario M5J 2S1 Canada
BlackRock Asset Management North Asia Limited	ORD NZD 45,599 0.006% subsidiary of BlackRock Inc. 16/F, Cheung Kong Center No. 2 Queen’s Road Central Hong Kong
BLACKROCK FINANCIAL MANAGEMENT, INC.	ORD NZD 325,586 0.039% subsidiary of BlackRock Inc. 1209 Orange Street, Wilmington, New Castle County, Delaware 19801,United States
BlackRock Fund Advisors	ORD NZD 12,502,573 1.515% subsidiary of BlackRock Inc. 400 Howard Street San Francisco, CA, 94105 United States
BlackRock Institutional Trust Company, National Association	ORD NZD 12,576,408 1.524% subsidiary of BlackRock Inc. 1225 17th Street, Suite 300, Denver, CO 80202 (Colorado, USA)
BlackRock International Limited	ORD NZD 344,282 0.042% subsidiary of BlackRock Inc. Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, United Kingdom(Scotland,
BlackRock Investment Management (Australia) Limited	ORD AUD 2,522,470 0.306% subsidiary of BlackRock Inc. Level 26, 101 Collins Street Melbourne VIC 3000 Australia (Victoria, Australia)
BlackRock Investment Management (Australia) Limited	ORD NZD 333,572 0.040% subsidiary of BlackRock Inc. Level 26, 101 Collins Street Melbourne VIC 3000 Australia (Victoria, Australia)
BlackRock Investment Management (UK) Limited	ORD NZD 5,485,187 0.665% subsidiary of BlackRock Inc. 12 Throgmorton Avenue London EC2N 2DL United Kingdom
BlackRock Investment Management, LLC	ORD AUD 99,368 0.012% subsidiary of BlackRock Inc. 1209 Orange Street, Wilmington,New Castle
BlackRock Investment Management, LLC	ORD NZD 863,810 0.105% subsidiary of BlackRock Inc. 1209 Orange Street, Wilmington,New Castle
BlackRock Japan Co., Ltd.	ORD NZD 467,961 0.057% subsidiary of BlackRock Inc. Marunouchi Trust Tower Main, 1-8-3 Marunouchi, Chiyoda-ku, Tokyo 100-8217 (Japan)

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Appendix B

FLETCHER BUILDING LTD

Transaction Date	Person whose relevant interest changed	Nature of change / Consideration (NZD)	Nature of change / Consideration (NZD)	Class and number of securities affected	Class and number of securities affected	Person's votes affected
10-Feb-20	BlackRock Institutional Trust Company,	in specie	n/a	ORD	-31,439	-31,439
	National Association
10-Feb-20	BlackRock Institutional Trust Company,	in specie	n/a	ORD	31,439	31,439
	National Association
10-Feb-20	BlackRock Advisors(UK)Limited	on mkt buy	5.28	ORD	1,400	1,400
10-Feb-20	BlackRock Advisors(UK)Limited	on mkt sell	5.28	ORD	-3,382	-3,382
10-Feb-20	BlackRock Investment Management (Australia)	on mkt buy	5.26	ORD	3,537	3,537
	Limited
10-Feb-20	BlackRock Fund Advisors	in specie	n/a	ORD	-34,932	-34,932
10-Feb-20	BlackRock Fund Advisors	in specie	n/a	ORD	-104,796	-104,796

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