ISSUE OF NEW SHARES

News Release

STOCK EXCHANGE LISTINGS: NEW ZEALAND (FBU), AUSTRALIA (FBU).


ISSUE OF NEW SHARES
NOTICE PURSUANT TO LISTING RULE 7.12.1


(a) Class of Security and ISIN: Ordinary NZFBUE00001S0

(b) Number issued, acquired or redeemed: 1,119,266

(c) The nominal value and the issue, $7.895
acquisition or redemption price:

(d) Payment in Cash: Yes

(e) Amount paid up: Fully paid up

(f) The principal terms of the Securities Quoted Securities
(other than for Quoted Securities) e.g.
exercise price and date in respect of
an Option, or the conversion price and
conversion date in respect of
Convertible Securities or the ranking of
the Securities in relation to other
Classes of Securities:

(g) Percentage total of class of securities: 0.16%

(h) Reason for issue, acquisition or Dividend Reinvestment Plan
redemption:

(i) Specific authority for issue, acquisition Board resolution
or redemption

(k) Total number of securities on issue 697,040,440
after issue, acquisition or redemption:

(l) If Companies Act 1993 registered No
company – whether shares to held
as Treasury Stock:

(m) Date of issue, acquisition or redemption: 11 October 2017


For further information contact:

Rodney Deacon
Head of Investor Relations
Phone: + 64 9 525 9043
Mobile: + 64 21 631 074


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