Retail Entitlement Offer Opens

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

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Retail Entitlement Offer Opens

Auckland, 26 September 2024: Fletcher Building (“Fletcher Building” or the
“Company”) advises that the retail component of the approximate NZ$418 million, 1 for
4.49 pro-rata accelerated non-renounceable entitlement offer (“Retail Entitlement
Offer”) opens today. A copy of the Offer Document was lodged to the NZX and ASX on
23 September 2024.

The Retail Entitlement Offer is available to eligible retail shareholders with a registered
address in New Zealand or Australia at 7.00pm NZST / 5.00pm AEST on Tuesday, 24
September 2024 (“Eligible Retail Shareholders”). Eligible Retail Shareholders are being
invited to subscribe for new shares at an offer price of NZ$2.40 per new share (or the A$
price of A$2.20 per new share).

Eligible Retail Shareholders who wish to participate should apply and pay via
www.shareoffer.co.nz/fletcherbuilding by 5:00pm NZDT / 3:00pm AEDT on Tuesday, 8
October 2024.

Eligible Retail Shareholders that do not take up their full entitlement under the
Entitlement Offer will receive no value for those lapsed entitlements.

Further information
The Offer Document and other important information about the Retail Entitlement Offer
is available on the website established for the Retail Entitlement Offer at
www.shareoffer.co.nz/fletcherbuilding. Eligible retail shareholders are encouraged to
visit that website and read all of the materials available or referred to on it (including the
Offer Document, investor presentation and market announcement published by Fletcher
Building on 23 September 2024 (together, the “Offer Materials”) before making a
decision whether to apply online from Thursday, 26 September 2024.

Shareholders who have any questions about the Retail Entitlement Offer are
encouraged to seek financial, investment or other professional advice from a qualified
professional adviser.

#ENDS

Authorised by:
Haydn Wong
Company Secretary

Fletcher Building Limited, Private Bag 92114, Auckland 1142, 810 Great South Road, Penrose, Auckland 1061, New Zealand
2

For further information please contact:

MEDIA
Christian May
General Manager – Corporate Affairs
+64 21 305 398
Christian.May@fbu.com
INVESTORS AND ANALYSTS
Aleida White
Head of Investor Relations
+64 21 155 8837
Aleida.White@fbu.com

This announcement has been prepared for publication in New Zealand and Australia
and may not be released or distributed in the United States. This announcement does
not constitute an offer, invitation or recommendation to subscribe for or purchase any
security or financial product and neither this announcement nor anything attached to
this announcement shall form the basis of any contract or commitment. In particular,
this announcement does not constitute an offer to sell, or the solicitation of an offer to
buy, securities in the United States or any other jurisdiction in which such an offer would
be illegal. Any securities described in this announcement have not been, and will not be,
registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”),
or the securities laws of any state or jurisdiction of the United States and may not be
offered or sold directly or indirectly in the United States except in transactions exempt
from, or not subject to, the registration of the U.S. Securities Act and any other applicable
U.S. state securities laws. The New Shares to be offered and sold in the Retail Entitlement
Offer may only be offered and sold outside the United States in “offshore transactions”
(as defined in Rule 902(h) under the U.S. Securities Act) in reliance on Regulation S under
the U.S. Securities Act.

Financial information
All dollar values are in New Zealand dollars ($ or NZ$) unless stated otherwise.