Ann: S/HOLDER: FBI: FB Industries Rollover of Mar

• Release Date: 27/01/12 15:33
• Summary: S/HOLDER: FBI: FB Industries Rollover of March 2012 Capital Notes
• Price Sensitive: No
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FBI
27/01/2012 13:33
S/HOLDER

REL: 1333 HRS Fletcher Building Industries Limited

S/HOLDER: FBI: FB Industries Rollover of March 2012 Capital Notes

Auckland, 27 January 2012 - Fletcher Building Industries Limited advises that
noteholders of the March 2012 Capital Notes (FBI080) have been sent an
election notice outlining the new terms that will apply from 15 March 2012.

Noteholders have the option to retain some or all of their capital notes on
the new terms offered or to convert them into fully paid Fletcher Building
shares. However, Fletcher Building Industries Limited has the right to redeem
or purchase for cash, either directly or by a nominee, any of the capital
notes that noteholders elect to convert.

Fletcher Building Industries Limited has determined that it will exercise
this option and will have a nominee purchase for cash those capital notes
which noteholders have elected to convert.

The noteholders have until 27 February 2012 to advise their election.

The new terms of the March 2012 Capital Notes are:

New Election Date:  15 March 2018

New Interest Rate:   7.15% per annum

Interest Dates:  Interest dates will not change being each 15 March and 15
September thereafter until, and including, the Final Interest Date

The Capital Notes will be known as:  March 2018 or FBI110

Copies of the election notice and a covering letter to the noteholders are
attached to this announcement.

Contact:

Sara Double
Treasurer
Phone: +64 9 525 9339
Fax: +64 9 525 9029

End
End CA:00218932 For:FBI    Type:S/HOLDER   Time:2012-01-27 13:33:35