SPH Notice – Allan Gray Group

Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To New Zealand Stock Exchange
and
To Fletcher Building Ltd
Relevant event being disclosed: Movement of 1% or more in the substantial holding
Date of relevant event: 9 November 2022
Date this disclosure made: 10 November 2022
Date last disclosure made: 19 September 2022
Substantial product holder(s) giving disclosure
Full name(s):
Allan Gray Australia Pty Ltd (Allan Gray Australia) and its related bodies
corporate as set out in Table 1 of Annexure A (together Allan Gray Group), as investment
manager for the funds or investment mandates listed at Table 2 of Annexure A.

Summary of substantial holding
Class of quoted voting products: Ordinary shares

Summary for Allan Gray Group
For this disclosure,—
(a) total number held in class: 57,495,979
(b) total in class: 783,043,596
(c) total percentage held in class: 7.343%
For last disclosure,—
(a) total number held in class: 49,063,799
(b) total in class: 783,043,596
(c) total percentage held in class: 6.266%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: See Annexure B

Details after relevant event
Details for Allan Gray Australia Pty Ltd (Allan Gray Australia) and its related bodies
corporate as set out in Table 1 of Annexure A (together Allan Gray Group), as investment
manager for the funds or investment mandates listed at Table 2 of Annexure A.
Nature of relevant interest(s): As investment manager for the funds or investment
mandates listed at Table 2 of Annexure A that hold Fletcher Building Ltd. shares as set
out in Annexure B.
For that relevant interest,—
(a) number held in class: 57,495,979
(b) percentage held in class: 7.343%
(c) current registered holder(s): See Annexure B
(d) registered holder(s) once transfers are registered: See Annexure B
Additional information
Address(es) of substantial product holder(s): C/- Allan Gray Australia, Level 2 Challis
House, 4 Martin Place Sydney, NSW 2000, Australia
Contact details: Elizabeth Lee, Company Secretary, Telephone +61 2 8224 8632, Email:
elizabeth.lee@allangray.com.au
Nature of connection between substantial product holders: Related bodies corporate, as set
out in Table 1 of Annexure A
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: N/A
Certification
I, Elizabeth Lee, Company Secretary, Allan Gray Australia certify that, to the best of
my knowledge and belief, the information contained in this disclosure is correct and that I
am duly authorised to make this disclosure by all persons for whom it is made.

ANNEXURE A OF 1 PAGE REFERRED TO IN THE ABOVE FORM
Fletcher Building Ltd
Table 1 – Related bodies corporate
The following entities are associates of Allan Gray Australia Pty Ltd (AGA) and each other by virtue of being
related bodies corporate.

Orbis Allan Gray Limited Orbis Mansfield Street Properties Ltd
Orbis Holdings Limited Orbis Investment Management (BVI) Limited (OIMLBVI)
Orbis Investment Management Limited (OIML) Orbis Investment Advisory Pty Limited
Orbis Asset Management Limited (OAML) Allan Gray (Holdings) Pty Ltd
Orbis Administration Limited Orbis Investment Management (Hong Kong) Limited
Orbis Investment Research Limited Orbis Client Services (Canada) Limited
Orbis Investment Management (MIS) Limited Orbis Holdings (UK) Limited
Triple Blue Holdings Limited Orbis Investment Management (Europe) LLP
Pictet Overseas Trust Corporation and Pictet Trustee Company SA Orbis Investment Management (Luxembourg) S.A
Allan & Gill Gray Foundation (Guernsey) EmCap Limited (Guernsey) (EMCAP)

Table 2 - Funds
An entity within the Group acts as investment manager for some or all of the assets in the following funds.
No Fund name Registered holder / Persons entitled to be registered holder
1. Allan Gray Australia Equity Fund Citibank N.A., Sydney Branch
2. Allan Gray Australia Balanced Fund Citibank N.A., Sydney Branch
3. Allan Gray Australia Stable Fund Citibank N.A., Sydney Branch
4. AMP Capital Specialist Australian Share Fund BNP Paribas Fund Services Australasia Pty Ltd
5. Morningstar Australian Shares High Alpha Fund JP Morgan Chase Bank
6. Construction and Building Unions
Superannuation Fund
JP Morgan Chase Bank
7. HESTA Superannuation Fund JP Morgan Chase Bank
8. Hostplus Pooled Superannuation Trust Citibank N.A., Sydney Branch
9. Russell Investments Australian Opportunities
Fund
State Street Australia Ltd
10. MyLifeMyMoney Superannuation Fund National Custodian Services
11. Non-Government Schools Superannuation Fund State Street Australia Ltd
12. REST Superannuation Fund State Street Australia Ltd
13. Government Employees Superannuation Board Northern Trust Corporation
14. Orbis Global Equity Fund (Australia Registered) Citibank N.A., Sydney Branch
15. Orbis Emerging Markets Equity Fund (Australia
Registered)
Citibank N.A., Sydney Branch
16. Orbis Global Equity LE Fund (Australia
Registered)
Citibank N.A., Sydney Branch
17. Orbis Global Balanced Fund (Australia
Registered)
Citibank N.A., Sydney Branch
18. Orbis Global Equity Fund Limited Citibank N.A., Sydney Branch
19. Orbis Optimal SA Fund Limited Citibank N.A., Sydney Branch
20. Institutional Global Equity Fund Citibank N.A., Sydney Branch
21. Orbis Optimal LP Citibank N.A., Sydney Branch
22. Orbis International Equity LP Citibank N.A., Sydney Branch
23. Orbis Institutional Global Equity LP Citibank N.A., Sydney Branch
24. Orbis Institutional International Equity LP Citibank N.A., Sydney Branch
25. Orbis Institutional U.S. Equity LP Citibank N.A., Sydney Branch
26. Orbis Institutional Emerging Markets Equity LP Citibank N.A., Sydney Branch
27. Orbis SICAV – Global Equity Fund Citibank N.A., Sydney Branch
28. Orbis SICAV – Emerging Markets Fund Citibank N.A., Sydney Branch
29. Orbis SICAV – Global Balanced Fund Citibank N.A., Sydney Branch
30. Orbis SICAV – International Equity
Citibank N.A., Sydney Branch
31. Orbis OEIC Global Equity Fund Citibank N.A., Sydney Branch
32. Orbis Institutional Global Equity (OFO) Citibank N.A., Sydney Branch
33. OEIC Global Balanced Fund Citibank N.A., Sydney Branch
34. OEIC Global Cautious Fund Citibank N.A., Sydney Branch
35. Orbis SICAV Global Cautious Fund Citibank N.A., Sydney Branch

ANNEXURE B OF 1 PAGE REFERRED TO IN THE ABOVE FORM
Fletcher Building Ltd

Table 3 - Trades giving rise to a change in relevant interest

Ordinary Shares

Date of change
Person whose relevant
interest changed
Nature of
change
Number of
securities Consideration Currency
17 Sep 2022 to 9
Nov 2022
AGA and its associates
listed in Table 1 Buys 8,432,180 38,465,953 AUD

All trades occur on market, via in-specie, under a dividend reinvestment plan, or pursuant to a capital
raising (as applicable).

Table 4 – current registered holder(s)

Ordinary Shares

Holder of relevant
interest
Registered holder of securities / Person entitled to
be registered as holder Number of securities held
AGA and its associates listed
in Table 1 BNP Paribas Fund Services Australasia Pty Ltd 3,717,740
AGA and its associates listed
in Table 1 Citibank N.A., Sydney Branch 25,765,808
AGA and its associates listed
in Table 1 JP Morgan Chase Bank 10,623,844
AGA and its associates listed
in Table 1 National Custodian Services 5,660,880
AGA and its associates listed
in Table 1 Northern Trust Corporation 3,020,689
AGA and its associates listed
in Table 1 State Street Australia Ltd 8,707,018
Total 57,495,979

An entity within the Group acts as investment manager for the funds set out in Table 2 and the above
registered holders hold all or some of the assets within those funds
.