Fletcher Building/Announcement
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Extension of trading halt

Operational Update11 February 2018FBUMaterials

Request for Further Trading Halt


Auckland, February 12 2018: Fletcher Building has requested a further trading halt (suspension in the case of

the ASX) of its shares and capital notes on the NZX and ASX exchanges. The request has been made

because the review of the key projects in its Building and Interiors (B+I) business as part of the preparation

of the Group accounts for the six months ended 31 December 2017 is still ongoing and not yet complete.


As announced on 8 February 2018, the current expectation of the Board is that there will be further

material losses in the B+I business beyond what was provided for in October 2017 and that once those

further losses are determined and provided for, this will result in a breach of one or more of the covenants

in the Group’s financing arrangements.


Since making the 8 February announcement, the Company has commenced discussions with its lenders in

relation to the expected covenant breaches.


The Company expects the trading halt to continue until the commencement of trading on Wednesday

14 February 2018 prior to which it will provide to the market an update of its review and the status of its

discussions with its lenders.




#Ends


For further information please contact:


Leela Gantman Rodney Deacon

Head of Communications Head of Investor Relations

+64 27 541 6338 +64 21 631 074

Leela.gantman@fbu.com Rodney.deacon@fbu.com

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