Updated ASX Appendix 3B

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

fletcherbuilding.com
+64 9 525 9000







18 May 2018


Fletcher Building Limited – Updated Appendix 3B

We refer to Fletcher Building Limited (FBU)'s 1 for 4.46 accelerated renounceable
entitlement offer (Entitlement Offer) announced to ASX on 17 April 2018.

Attached is the updated Appendix 3B in relation to the new shares in FBU issued
on 18 May 2018 and to be quoted on ASX on 21 May 2018, under the retail
component of the Entitlement Offer.


ENDS

Rul e 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B

New issue announcement,
application for quotation of additional securities
and agreement

I nfor mati on or documents not avai l abl e now must be gi ven to ASX as soon as avai l abl e. I nfor mati on and
documents gi ven to ASX become ASX’ s pr oper ty and may be made publ i c.
I ntroduced 01/07/96 Ori gi n: A ppendi x 5 A mended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13


N ame of ent i t y
Fletcher Building Limited

ABN
35 096 046 936

We (the enti ty) gi ve A SX the f ol l owi ng i nf ormati on.


Part 1 - All issues
You must compl ete the r el evant secti ons (attach sheets i f ther e i s not enough space).

1
+
Cl ass of
+
secur i t i es i ssued or t o
be i ssued

Ful l y pai d ordi nary shar es (N ew Shar es)


2 Number of
+
secur i t i es i ssued or t o
be i ssued (i f known) or maxi mum
number whi ch may be i ssued

47,806,197 N ew Shar es i ssued on 18 M ay 2018
under t he r et ai l component (bei ng the Ret ai l
Ent i t l ement Of f er and t he Ret ai l Bookbui l d) of
the f ul l y underwri tten
accel er at ed pr o r at a
enti tl ement of f er announced to A SX on 17
A pri l 2018 (E nt i t l ement O f f er).



3 Pr i nci pal t er ms of t he
+
secur i t i es
( e. g. i f opt i ons, ex er ci se pr i ce and
ex pi r y dat e; i f par t l y pai d
+
securi ti es, the amount outstandi ng
and due dat es f or
pay ment ; i f
+
conv er t i bl e secur i t i es, t he
conversi on pri ce and dates f or
conversi on)
T he N ew Shar es w i l l be on t he same t er ms as
exi sti ng f ul l y pai d ordi nary shares i n Fl etcher
Building Limited (Existing Shar es).

+ See chapter 19 f or def i ned terms.

A ppendi x 3B Page 2 04/03/2013
4 D o t he
+
secur i t i es r ank equal l y i n
al l r espect s f r om t he
+
i ssue dat e
wi th an exi sti ng
+
cl ass of quoted
+
secur i t i es?

I f t he addi t i onal
+
securi ti es do not
r ank equal l y , pl ease st at e:
• t he dat e f r om w hi ch t hey do
• the extent to whi ch they
par t i ci pat e f or t he nex t
di v i dend, ( i n t he case of a trust,
di stri buti on) or i nterest
pay ment
• the extent to whi ch they do not
rank equal l y, other than i n
r el at i on t o t he nex t di v i dend,
di stri buti on or i nterest payment
Y es, t he N ew Shar es w i l l r ank equal l y i n al l
r espect s w i t h t he Existing Shares f rom the dat e
of i ssue.


5 I ssue pri ce or consi derati on

NZ$4.80 (or A$4.51) per N ew Shar e.




6 Pur pose of t he i ssue
( I f i ssued as consi der at i on f or t he
acqui si t i on of asset s, cl ear l y
i dent i f y t hose asset s)






Fl etcher Bui l di ng L i mi ted wi l l use the net
proceeds f rom the Enti tl ement Of f er to
st r engt hen i t s bal ance sheet
and enabl e a
permanent sol uti on to i ts current bank an USPP
posi ti ons.


6a I s t he ent i t y an
+
eligible entity that
has obt ai ned secur i t y hol der
approval under rul e 7.1A ?

I f Y es, complet e sect i ons 6b – 6h
i n r el ati on to the
+
secur i t i es t he
subj ect of thi s Appendi x 3B, and
compl y wi th secti on 6i
N/A


6b T he dat e t he secur i t y hol der
resol uti on under rul e 7.1A was
passed
N/A


6c Number of
+
secur i t i es i ssued
wi thout securi ty hol der approval
under rul e 7.1
N/A


6d Number of
+
secur i t i es i ssued w i t h
secur i t y hol der appr ov al under r ul e
7.1A
N/A

6e Number of
+
secur i t i es i ssued w i t h
secur i t y hol der appr ov al under r ul e
7.3, or another speci f i c securi ty
hol der approval (speci f y dat e of
meet i ng)

N/A


6f Number of
+
secur i t i es i ssued under
an ex cept i on i n r ul e 7. 2
N/A


6g If
+
secur i t i es i ssued under r ul e
7. 1A , w as i ssue pr i ce at l east 75%
of 15 day V W A P as cal cul at ed
under rul e 7.1A .3? I ncl ude the
+
i ssue dat e and bot h v al ues.
I ncl ude the source of the V WA P
calculation.
N/A


6h If
+
secur i t i es w er e i ssued under
rul e 7.1A f or non-cash
consi der at i on, st at e dat e on w hi ch
v al uat i on of consi der at i on w as
r el eased t o A SX M ar k et
A nnouncements
N/A


6i Cal cul at e t he ent i t y’ s remai ni ng
i ssue capaci t y under r ul e 7. 1 and
rul e 7.1A – compl et e A nnex ur e 1
and r el ease t o A SX M ar k et
A nnouncements
N/A


7
+
I ssue dat es
N ot e: T he i ssue dat e may be pr escr i bed by A SX
(ref er to the def i ni ti on of i ssue date i n rul e 19.12).
For ex ampl e
, t he i ssue dat e f or a pr o r at a
ent i t l ement i ssue must compl y w i t h t he appl i cabl e
ti metabl e i n A ppendi x 7A .
Cross ref erence: i tem 33 of A ppendi x 3B.
18 M ay 2018



Number
+
Cl ass
8 N umber and
+
class of all
+
securi ti es quoted on A SX
(i ncl udi ng t he
+
securities in section
2 i f appl i cabl e)



853,347,141 (af t er
al l ot ment of N ew
Shar es under the
Ret ai l Entitlement
Of f er and Ret ai l
Bookbui l d).
Ful l y pai d ordi nary
shar es


Number
+
Cl ass
9 N umber and
+
class of all
+
securi ti es not quoted on A SX
(i ncl udi ng the
+
securities in section
2 i f appl i cabl e)



N/A N/A

+ See chapter 19 f or def i ned terms.

A ppendi x 3B Page 4 04/03/2013
10 D i v i dend pol i cy ( i n t he case of a
trust, di stri buti on pol i cy) on the
i ncr eased capi t al ( i nt er est s)
No change. The di vi dend pol i cy wi l l appl y to
t he N ew Shar es i n t he same w ay t hat i t appl i es
to Existing Shar es.


Part 2 - Pro rata issue

11 I s securi ty hol der approval
r equi r ed?

No


12 I s t he i ssue r enounceabl e or non-
r enounceabl e?
Renounceabl e ( t hi s i ssue i s an accel er at ed
renounceabl e enti tl ement of f er wi th dual
Bookbui l ds).


13 Ratio in whi ch the
+
securities will
be of f er ed
1 N ew Shar e f or ev er y 4.46 Ex i sti ng Shar es
hel d on the record dat e
f or the Enti tl ement
Offer.


14
+
Cl ass of
+
securi ti es to whi ch the
of f er r el at es
Ful l y pai d ordi nary shar es


15
+
Recor d dat e t o det er mi ne
ent i tl ement s
9.00pm (NZ ti me) / 7.00pm (Sydney ti me) on
19 A pri l 2018.


16 Will holdings on different registers
( or subr egi st er s) be aggr egat ed f or
cal cul at i ng ent i t l ement s?
No


17 Policy for deciding entitlements in
r el at i on t o f r act i ons

W her e f r act i ons ari se i n the cal cul ati on of
enti tl ements, they wi l l be rounded up to the
near est w hol e number of N ew Shar es.


18 Names of countri es i n whi ch the
entity has security holders who will
not be sent new of f er document s
Note: Securi ty hol ders must be tol d how thei r
ent i t l ement s ar e t o be deal t w i t h.
Cr oss r ef er ence: r ul e 7. 7.
A l l count r i es ex cept A ust r al i a and N ew
Zeal and and such other j uri sdi cti ons i n whi ch
Fl etcher Bui l di ng L i mi ted deci des to make
of f ers (whi ch may i ncl ude Canada (British
Col umbi a, Ontari o and Quebec)
, Fr ance,
Germany, Hong K ong, I rel and, Japan,
M al ay si a, t he N et her l ands, N or w ay ,
Si ngapore, Swi tzerl and or the Uni ted K i ngdom
( i n each case t o Shar ehol der s t hat ar e not i n
t he U ni t ed St at es or ar e not
acti ng f or the
account or benef i t of a person i n the Uni ted
St at es) under appl i cabl e excepti ons f rom the
requi rement to i ssue a prospectus or other
di scl osure document i n those j uri sdi cti ons.


19 Cl osi ng date f or recei pt of
accept ances or r enunci at i ons
T he Ret ai l Ent i t l ement Of f er cl osed at 7.00pm
(NZ ti me) / 5.00pm (Sydney ti me) on 11 M ay
2018.

20 N ames of any under w r i t er s


M acquari e Securi ti es (NZ) L i mi ted, al though
servi ces may be provi ded by any of i ts
af f i l i at es, i ncl udi ng M acquar i e Capi t al ( N ew
Z eal and) L i mi t ed.


21 A mount of any underwri ti ng f ee or
commi ssi on
An underwri ti ng f ee of 2% (pl us GST i f any)
of the total gross proceeds to be rai sed under
t he Entitlement Of f er , and a management fee
of 0.6% (pl us GST i f any) of the total gross
proceeds to be rai sed under the Entitlement
Offer.


22 N ames of any br ok ers t o t he i ssue


N/A


23 Fee or commi ssi on pay abl e t o t he
broker to the i ssue
N/A


24 A mount of any handl i ng f ee pay abl e
to brokers who l odge acceptances
or renunci ati ons on behal f of
secur i t y hol der s
A stampi ng f ee of 0.5% of appl i cati on moni es
on N ew Shar es al l ot t ed w i l l be pai d t o N Z X
Fi rms who submi t a val i d cl ai m f or a broker
stampi ng f ee on successf ul appl i cati ons,
subj ect to a l i mi t of NZ$300 per sharehol der
and an aggr egat e l i mi t on al l successf ul
appl i cati ons of NZ$250,000. I f total stampi ng
f ees payabl e exceeds NZ$250,000, the
st ampi ng f ee pay abl e per successf ul
appl i cati on wi l l be scal ed back on a pro rata
basi s.
No stampi ng f ees wi l l be pai d on any premi um
achi eved on enti tl ements under the bookbui l ds
or to A SX brokers on successf ul appli cati ons
on the A SX .


25 I f the i ssue i s conti ngent on securi ty
hol der s’ appr ov al , t he dat e of t he
meet i ng
N/A


26 D at e ent i t l ement and accept ance
f orm and of f er documents wi l l be
sent t o per sons ent i t l ed
T he Offer Document and Enti tl ement and
A cceptance Form w er e sent to eligible retail
sharehol ders on 24 A pri l 2018.


27 I f the enti ty has i ssued opti ons, and
the terms enti tl e opti on hol ders to
par t i ci pat e on ex er ci se, t he dat e on
whi ch noti ces wi l l be sent to opti on
hol ders
N/A


28 D at e r ights tradi ng wi l l begi n (i f
appl i cabl e)
N/A

+ See chapter 19 f or def i ned terms.

A ppendi x 3B Page 6 04/03/2013
29 Date rights trading will end (if
appl i cabl e)


N/A


30 How do securi ty hol ders sel l thei r
ent i t l ement s i n ful l through a
broker?
N/A


31 How do securi ty hol ders sel l par t of
their entitlements through a broker
and accept f or t he bal ance?
N/A



32 How do securi ty hol ders di spose of
t hei r ent i t l ement s ( ex cept by sal e
through a broker)?
Enti tl ements whi ch are not taken up by an
el i gi bl e sharehol der or whi ch woul d have been
i ssued to i nel i gi bl e sharehol ders had they been
ent i t l ed t o par t i ci pat e, w er e of f er ed f or sal e t o
eligible i nsti tuti onal i nvestors
and new
i nv est or s through the Ret ai l Bookbui l d
conducted on Tuesday, 15 M ay 2018.


33
+
I ssue dat e


18 M ay 2018

Part 3 - Quotation of securities
You need onl y compl ete thi s secti on i f you ar e appl yi ng for quotati on of secur i ti es

34 Type of
+
secur i t i es
(ti ck one)

( a)

+
Secur i t i es descr i bed i n Par t 1


(b)

All other
+
secur i t i es
Ex ampl e: r est r i ct ed secur i t i es at t he end of t he escr ow ed per i od, par t l y pai d secur i t i es t hat become f ul l y pai d, empl oy ee
i ncent i v e shar e secur i t i es w hen r est r i ct i on ends, secur i t i es i ssued on ex pi r y or conv er si on of conv er t i bl e secur i t i es

Entities that have ticked box 34(a)

Additional secur ities for ming a new class of secur ities


Ti ck to i ndi cate you ar e pr ovi di ng the i nfor mati on or
documents
N/A


35

I f t he
+
secur i t i es ar e
+
equi t y secur i t i es, t he names of t he 20 l ar gest hol der s of t he
addi ti onal
+
securities, and t he number and per cent age of addi t i onal
+
secur i t i es hel d by
those hol ders


36

I f t he
+
secur i t i es ar e
+
equity securities, a distribution schedule of the additional
+
securi ti es setti ng out the number of hol ders i n the categori es
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over


37

A copy of any trust deed f or the addi ti onal
+
secur i t i es


Entities that have ticked box 34(b)

38 Number of
+
securi ti es f or whi ch
+
quotati on i s sought

N/A



39
+
Cl ass of
+
securi ti es f or whi ch
quotati on i s sought

N/A

+ See chapter 19 f or def i ned terms.

A ppendi x 3B Page 8 04/03/2013
40 D o t he
+
securities rank equally in all
r espect s f r om t he
+
i ssue dat e w i t h an
exi sti ng
+
cl ass of quoted
+
secur i t i es?

I f t he addi t i onal
+
securi ti es do not
r ank equal l y , pl ease st at e:
• the dat e f r om w hi ch t hey do
• the extent to whi ch they
par t i ci pat e f or t he nex t di v i dend,
( i n t he case of a t r ust ,
di stri buti on) or i nterest payment
• the extent to whi ch they do not
rank equal l y, other than i n
r el at i on t o t he nex t di v i dend,
di stri buti on or i nter est pay ment
N/A


41 Reason f or request f or quotati on
now
Ex ampl e: I n t he case of r est r i ct ed secur i t i es, end of
restri cti on peri od

(i f i ssued upon conversi on of
anot her
+
security, clearly identify
that other
+
secur i t y )

N/A



Number
+
Cl ass
42 N umber and
+
class of all
+
secur i t i es
quoted on A SX (i ncl udi ng t he
+
secur i t i es i n cl ause 38)



N/A N/A

+ See chapter 19 f or def i ned terms.

04/03/2013 A ppendi x 3B Page 9


Quotation agr eement

1
+
Quotati on of our addi ti onal
+
securi ti es i s i n A SX ’ s absol ute di screti on. A SX may
quote the
+
securi ti es on any condi ti ons i t deci des.

2 We warrant the f ol l owi ng to A SX .

• The i ssue of the
+
securi ti es to be quoted compl i es wi th the l aw and i s not
f or an i l l egal purpose.

• There i s no reason why those
+
securi ti es shoul d not be granted
+
quotati on.

• A n of f er of the
+
secur iti es f or sal e wi thi n 12 months af ter thei r i ssue wi l l
not requi re di scl osure under secti on 707(3) or secti on 1012C(6) of the
Corporati ons A ct.
N ot e: A n ent i t y may need t o obt ai n appr opr i at e w ar r ant i es f r om subscr i ber s f or t he secur i t i es i n or der t o be abl e t o gi v e
t hi s w ar r ant y

• Secti on 724 or secti on 1016E of the Corporati ons A ct does not appl y to any
appl i cati ons recei ved by us i n rel ati on to any
+
securi ti es to be quoted and
that no-one has any ri ght to return any
+
securi ti es to be quoted under
secti ons 737, 738 or 1016F of the Corporati ons A ct at the ti me that we
r equest t hat t he
+
securi ti es be quoted.

• I f we are a trust, we warrant that no person has the ri ght to return the
+
securi ti es to be quoted under secti on 1019B of the Corporati ons A ct at t he
ti me t hat w e r equest t hat t he
+
securi ti es be quoted.

3 We wi l l i ndemni f y A SX to the f ul l est extent permi tted by l aw i n respect of any
cl ai m, acti on or expense ari si ng f rom or connected wi th any breach of the
w ar r ant i es i n t hi s agr eement .

4 W e gi v e A SX t he i nf ormati on and documents requi red by thi s f orm. I f any
i nf ormati on or document i s not avai l abl e now, w e will give it to ASX before
+
quotati on of the
+
securi ti es begi ns. We acknowl edge that A SX i s rel yi ng on the
i nf ormati on and documents. We warrant that t hey ar e ( w i l l be) t r ue and compl et e.


18 M ay 2018
Si gn her e: ............................................................ Date: .........................
(D i r ect or/Company Secr et ar y )

Char l es B ol t
Pr i nt name: .........................................................

== == == == ==