SPH Notice – Perpetual Limited and subsidiaries

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To: NZX and To: FLETCHER BUILDING LIMITED Relevant event being disclosed: DISCLOSURE OF MOVEMENT OF 1% OR MORE Date of relevant event: 10/12/2018 Date this disclosure made: 11/12/2018 Date last disclosure made: 23/11/2018 Substantial product holder(s) giving disclosure Full name(s): PERPETUAL LIMITED and subsidiaries Summary of substantial holding Class of quoted voting products: Ordinary shares Summary for: PERPETUAL LIMITED and subsidiaries For this disclosure,-- (a) total number held in class: 94,029,472 (b) total in class: 853,347,141 (c) total percentage held in class: 11.02% For last disclosure,-- (a) total number held in class: 85,175,972 (b) total in class: 853,347,141 (c) total percentage held in class: 9.98% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: REFER TO ANNEXURE 3 Details after relevant event Details for: REFER TO ANNEXURE 1 Nature of relevant interest(s): NORMAL MARKET TRADING For that relevant interest,-- (a) number held in class: REFER TO ANNEXURE 2 (b) percentage held in class: REFER TO ANNEXURE 2 (c) current registered holder(s): REFER TO ANNEXURE 2 (d) registered holder(s) once transfers are registered: REFER TO ANNEXURE 2 Additional information Address(es) of substantial product holder(s): PO BOX 4171, SYDNEY 2000, AUSTRALIA Contact details: Sylvie Dimarco, 612 9229 9365, Sylvie.Dimarco@perpetual.com.au Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: N/A Certification I, Sylvie Dimarco, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. End CA:00328215 For:FBU Type:SHINTR Time:2018-12-12 08:59:09