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21 March 2011   |   Announcements

Fletcher Building Confirms Extension of Its Recommended Offer for Crane Group

Fletcher Building Limited (“Fletcher Building”) today confirmed the extension of the offer period for its acquisition of Crane Group Limited (“Crane”) from 25 March 2011 to 7.00pm AEDT on Thursday 31 March 2011, unless extended. The intention to make this extension was announced on 17 March 2011.

As previously announced, the extension will allow Tyndall Investments to accept the offer in relation to its 7.7 per cent holding in Crane on 28 March 2011. Fletcher Building currently has a relevant interest in 55.1 per cent of issued Crane shares and a further 7.6 per cent of Crane shares are still in the process of being accepted from the Institutional Acceptance Facility.

Therefore, as at 18 March 2011 Fletcher Building's current relevant interest, when combined with the remaining shares still subject to the Institutional Acceptance Facility and Tyndall Investment's 7.7 per cent holding, represents 70.4 per cent of all Crane shares.

Attached to this announcement is a copy of a letter from the Chairmen of Crane and Fletcher Building which is being sent to Crane shareholders today, along with a notice under section 650D of the Corporations Act 2001 (Cth) to extend the offer period.

Shareholders requiring additional assistance should call the Offer Information Line on 1300 042 036 (toll free for calls made within Australia), 0800 505 529 (free call for calls made within New Zealand) or +61 3 9938 4357 (for calls made outside Australia or New Zealand).

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For further information contact:

Philip King
General Manager
Investor & Media Relations
Ph: +64 9 525 9043
Mob: +64 27 444 0203

Mark Rudder
Cosway Australia
Mob: + 61 411 362 362