NZFOX Product:

Fletcher Building Limited Share Options

Underlying Security:

Fletcher Building Limited ordinary shares (FBU)

Contract Unit:

1000 Fletcher Building ordinary shares

Expiry Months:

March/June/September/December, four quarters ahead.

Commodity Code:

ZF

Exercise Price:

Exercise prices are set at NZ$0.25 intervals. New option exercise prices are created as the underlying security price moves.

Premium:

Quoted in NZ cents per share, with a minimum fluctuation of 0.5 cent.

Settlement Price:

The final settlement price is the last traded price of the Underlying Security.

Final Trading Day:

The Thursday before the last Friday of the Settlement Month or first business day prior. Trading will cease at the close of trading on the Expiration Day ( 4:55pm ).

Settlement Date:

The third business day following the date of exercise of an option.

Exercise of Options:

Options may be exercised on any business day up to and including the Last Trading Day. In-the-money options are exercised at expiry, unless manually abandoned. At-the-money and out-of-the-money options are abandoned at expiry unless manually exercised.

Trading Hours:

9.45 am – 4.55pm ¹

Adjustment Methodology:

No contract adjustments will be made for scheduled dividends. Adjustments will occur for all other capital reconstructions that are pro-rata events eg share splits, bonus & rights issues etc.