Disclosure of beginning to have substantial holding
Section 22, Securities Markets Act 1988
To: New Zealand Stock Exchange Limited
And: Fletcher Building Limited
Date this disclosure made: 29//07/08
Substantial security holder(s) giving disclosure
Name(s): Westpac Banking Corporation
Contact details: Rowena Wilkinson, Head of Operational Risk & Compliance
phone +64 9 336 9899, e-mail Rowena_Wilkinson@westpac.co.nz
Date on which substantial security holder(s) began to have substantial
holding: 23/07/2008.
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares - security code FBU
Summary for: Westpac Banking Corporation
For this disclosure,--
(a) total number held in class: 29,606,101
(b) total in class: 503,361,742
(c) total percentage held in class: 5.882%
Details of relevant interests currently in substantial holding
Details for Westpac Banking Corporation
Nature of relevant interest(s): non-beneficial holder
For that relevant interest,--
(a) number held in class: 29,606,101
(b) percentage held in class: 5.882%
(c) current registered holder(s) of securities: see Annexure 1
(d) registered holder(s) of securities once transfers registered: see
Annexure 1
Details of transactions and events giving rise to person beginning to have
substantial holding
On-market acquisition and disposal of securities by related bodies corporate
of Westpac Banking Corporation (WBC) has resulted in an increase in the
relevant interests of WBC to more than 5%. See Annexure 1 for details of
holdings and acquisitions/disposals
Additional information
Nature of connection between substantial security holders:
Address(es) of substantial security holder(s):
Level 15, PwC Tower, 188 Quay Street, Auckland
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates: N/A
Declaration
I, Rowena Wilkinson, declare 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.
ANNEXURE 1 OF TWO PAGES TO
SUBSTANTIAL SECURITY HOLDER NOTICE FROM
WESTPAC BANKING CORPORATION DATED 29 July 2008
FBU 5.882%
FBU Ordinary shares
Westpac Equity Investments NZ Ltd
(registered holder HSBC Nominees (New Zealand) Ltd)
Holdings: 21,015,000
For the period 24 March 2008 to 23 July 2008
On market acquisition of 20,015,000 securities for consideration of
NZ$152,158,000.00.
On market disposal of 5,900,000 securities for consideration of
NZ$68,104,000.00.
Counterparties unknown
2. BT Financial Group Australia Ltd
(registered holder: HSBC Custody Nominees (Australia) Limited)
Holdings: 795,441
For the period 24 March 2008 to 23 July 2008
On market disposal of 135,714 securities for consideration of NZ$848,212.50
Counterparties unknown
3. BT Investment Management Ltd
(registered holder: HSBC Custody Nominees (Australia) Limited)
Holdings: 6,296,364
For the period 24 March 2008 to 23 July 2008
On market acquisition of 79,354 securities for consideration of
NZ$656,148.95.
On market disposal of 1,942,991 securities for consideration of
NZ$14,247,341.50
Counterparties unknown
4. BT Funds Management NZ Limited
(registered holders HSBC Nominees (New Zealand) Ltd)
Holdings: 1,470,180
For the period 24 March 2008 to 23 July 2008
On market acquisition of 481,469 securities for consideration of
NZ$3,214,046.78.
On market disposal of 215,000 securities for consideration of NZ$1,739,550.00
Counterparties unknown
5. Westpac International Share Index Fund
(registered holders HSBC Nominees (New Zealand) Ltd)
Holdings: 29,116
No trades for the period 24 March 2008 to 23 July 2008
End CA:00167937 For:FBU Type:SSH Time:2008-07-29:12:03:04