Statement from FBU Chairman

Statement from Fletcher Building Chairman, Sir Ralph Norris

Auckland, 14 February 2018: The Fletcher Building Board understands the disappointment of our shareholders
regarding the latest provisioning in the Building + Interiors (B+I) business.

As Chairman of Fletcher Building, our shareholders place significant faith in me to act in their best interests. This has
always been my priority. I also know shareholders expect accountability from the Board for all aspects of the
Company’s performance.

In this context I wish to announce that I will stand down as Chairman. To allow an orderly transition of the Board this
will occur no later than the 2018 Annual Shareholders’ Meeting.

I said at our last Annual Shareholders Meeting in October that I felt a sense of obligation to see the business through
these challenging circumstances and to complete the CEO transition and Board refresh I had commenced.

We have appointed a new CEO, Ross Taylor, who is now ably leading the business and three new Directors and a
new Chairman will be appointed in the coming months.

I remain committed to providing leadership continuity during this time, and will continue to support my fellow
directors and management in setting a new strategic direction for the Company.

Fletcher Building remains a great and solid business. I have every confidence it will weather this storm, and once
again deliver our shareholders the value they expect and deserve.

#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