Dividend Reinvestment Plan Price Determined

News Release

STOCK EXCHANGE LISTINGS: NEW ZEALAND (FBU), AUSTRALIA (FBU).



DIVIDEND REINVESTMENT PLAN PRICE DETERMINED

Auckland, 30 March 2017 – The share price used to calculate entitlements
under the Fletcher Building Limited Dividend Reinvestment Plan has been set at
NZ$7.9888.

This is the average of the individual daily volume weighted average sale prices
of all price-setting trades of Fletcher Building shares sold on the NZSX on each
of the five business days from and including the ex-dividend date of 23 March
2017 pursuant to the terms of the Dividend Reinvestment Plan Offer Document.

Shareholders who have elected to participate in the Dividend Reinvestment Plan
reinvest their dividends to receive additional shares, rather than cash. The new
shares will be allocated on the dividend date, 12 April 2017. The number of
Fletcher Building shares to which participants are entitled is the total of the net
dividend remittance which would otherwise have been payable to participants,
divided by 7.9888.

Australian residents are paid in Australian dollars which have been converted
using an exchange rate of NZ$1.00 = A$0.9175.

An illustration of the calculation of the net dividend remittance is available on the
Company's website (www.fbu.com/investor-centre/dividend-information/).

For further information contact:

Rodney Deacon
Head of Investor Relations
Phone: + 64 9 525 9043
Mobile: + 64 21 631 074


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