FLETCHER BUILDING LIMITED — Share Issue/Capital Change 2018

Apr 26, 2018

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

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27 April 2018

NOTICE OF ISSUE OF SHARES IN RELATION TO CAPITAL RAISING

Fletcher Building Limited ( Fletcher Building ) hereby notifies that it will today issue 108,500,504 new ordinary shares in the company ( New Shares ) to certain of its institutional shareholders and other institutional investors following the close of the institutional entitlement offer and institutional bookbuild components of its fully underwritten 1 for 4.46 pro rata accelerated entitlement offer of New Shares announced on 17 April 2018 ( Offer ).

The following information is supplied pursuant to NZSX Listing Rule 7.12.1.

Class of security	Ordinary Shares
ISIN	NZFBUE0001S0
Number of securities issued	108,500,504 New Shares
Issue price	NZ$4.80 per New Share or A$4.51 per New Share
Payment in cash	Yes
Any amount paid up	Fully paid up
Percentage of total class of securitiesissued	15.57% of the total ordinary shares on issue prior tothe issue of New Shares.
Reason for the issue	Issued in connection with the close of theinstitutional entitlement offer and institutionalbookbuild components of the Offer.
Specific authority for the issue	Resolution of Directors dated 16 April 2018
Terms or details of the issue	As described in the Offer Document dated 17 April2018. The New Shares are of the same class as,and rank equally with, Fletcher Building’s existingfully paid ordinary shares which are quoted on theNZX Main Board and ASX.
Total number of securities of the class inexistence after issue	805,540,944 Ordinary Shares
Date of issue	27 April 2018

Charles Bolt

Group General Counsel & Company Secretary