Announcements     |   21 November 2003

Purchase of November 2003 Capital Notes

Fletcher Building advises that it has elected to purchase all of the November 2003 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 1 December 2003 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