NEWS RELEASE

6 June 2000

REPORT ON TRADING IN THE SHARES OF FLETCHER CHALLENGE LIMITED IN DECEMBER 1999

The Securities Commission has released its report on trading in the shares of Fletcher Challenge Limited in December 1999.

The report is published on our web site www.sec-com.govt.nz. It can be printed or down loaded from the web site. Hard copies are available from our offices at 12th Floor, Reserve Bank Building, 2 The Terrace, Wellington.

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Contact:
Catherine Chapman
Communications Manager
Direct dial (04) 471 7659