Announcements     |   6 April 2004

Purchase of April 2004 Capital Notes

Fletcher Building advises that it has elected to purchase all of the April 2004 capital notes from those Noteholders who elected to convert their capital notes into ordinary shares of Fletcher Building Limited rather than accept the new terms set for the capital notes.
The purchase will occur on 15 April 2004 in accordance with the Trust Deed under which the capital notes were issued.

Contact:

Sara Ellis
Treasurer
Tel: +64 9 525 9339
Fax: +64 9 525 9029