Retail Entitlement Offer closes on 11 May – Reminder letter

Fletcher Building
Limited
Private Bag 92114
Auckland 1142
810 Great South Road
Penrose
Auckland 1061
New Zealand

fletcherbuilding.com
+64 9 525 9000




NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

4 May 2018

Dear Shareholder(s)

IMPORTANT REMINDER
FLETCHER BUILDING RETAIL ENTITLEMENT OFFER CLOSES ON 11 MAY 2018

On 17 April 2018, Fletcher Building Limited (Fletcher Building) announced that it is seeking to raise
approximately NZ$750 million of new equity from its existing shareholders through an accelerated pro
rata entitlement offer (Offer). The Offer proceeds will be used to strengthen the balance sheet and will
better enable the Group to execute its immediate and longer term strategic objectives.

Under the Offer, eligible retail shareholders with a registered address in New Zealand or Australia are
entitled to acquire 1 new fully paid ordinary share in Fletcher Building (New Shares) for every 4.46
existing fully paid ordinary shares in Fletcher Building (Existing Shares) held at 9.00pm (NZ time) /
7.00pm (Sydney time) on Thursday 19 April 2018 (Record Date) at an offer price of NZ$4.80 or A$4.51
per New Share (Offer Price). You can check the current share price at www.nzx.com
or
www.asx.com.au under the ticker code “FBU”.

This letter is a reminder that the retail component of the Offer will close at 7.00pm (NZ time) /
5.00pm (Sydney time) on 11 May 2018.

To participate in the Offer, you must apply and pay for your New Shares before 7.00pm (NZ time) /
5.00pm (Sydney time) on 11 May 2018.

You can apply and pay via the online facility at www.fletcherbuildingshareoffer.co.nz
or by returning
your completed personalised Entitlement and Acceptance Form (Form) together with payment so that
they are received by the Registrar by no later than 7.00pm (NZ time) / 5.00pm (Sydney time) on 11
May 2018.

Note: If you receive multiple communications like this, it means you have multiple holdings of Fletcher
Building shares and each communication relates to a separate holding. You will need to apply
individually for each holding via the above online facility. After you have successfully submitted your
application, a personalised reference number will be generated for payment for each entitlement
acceptance relevant to that holding of Fletcher Building shares.

If you have any questions about the Offer, you are encouraged to read the Offer Document dated 17
April 2018, available at www.fletcherbuildingshareoffer.co.nz
and seek financial, investment or other
professional advice from a qualified professional adviser. Enquiries about the Offer can be directed to
an Authorised Financial Adviser, an NZX Firm or ASX Broker or your solicitor, accountant or other
professional adviser.

If you have any questions about the number of New Shares shown on your Form, or how to complete
your Form, or an online application, please contact the Registrar.

Enquiries
Freephone within New Zealand 0800 650 034
Phone (New Zealand) + 64 9 488 8777
Freephone within Australia 1800 501 366
Phone (Australia) +61 3 9415 4083
Email fletcherbuilding@computershare.co.nz


Applications, together with the total amount payable, must be received by 7.00pm (NZ time) /
5.00pm (Sydney time) on 11 May 2018 in order to be accepted.

You do not need to take any further action if you have already taken up your entitlements (in full or part),
and paid for your New Shares.

Thank you for your participation.

On behalf of
Fletcher Building Limited

Charles Bolt
Group General Counsel & Company Secretary

This letter has been prepared for publication in New Zealand and Australia and may not be released or distributed in the United
States. This letter does not constitute an offer, invitation or recommendation to subscribe for or purchase any security or financial
product and neither this letter nor anything attached to this letter shall form the basis of any contract or commitment. In particular,
this letter does not constitute an offer to sell, or the solicitation of an offer to buy, securities in the United States or to any person
who is acting for the account or benefit of any person in the United States (to the extent such person is acting for the account or
benefit of a person in the United States), or in any other jurisdiction in which such an offer would be illegal.
No action has been or will be taken to register, qualify or otherwise permit a public offering of the New Shares in any jurisdiction
outside New Zealand and Australia. In particular, the Offer Document is not for distribution in the United States. The Entitlements
and New Shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (U.S. Securities Act)
or the securities laws of any state of the United States and may not be offered or sold in the United States or to, or for the account
or benefit of, persons in the United States, except in transactions exempt from, or not subject to, the registration requirements of
the U.S. Securities Act, and the applicable securities laws of any state or other jurisdiction of the United States.