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Report on Trading in the Shares of Fletcher Challenge Limited in December 1999

TABLE OF CONTENTS

1. Definitions
2. Introduction
3. Facts
4. Acquisition of Shares in Fletcher Challenge Limited by Mr Hoggard
5. Dealing by JB Were & Son (NZ) Ltd in Fletcher Challenge Limited Shares
6. Internal Procedures of Broking Firms for Handling Transactions by Insiders
7. Further Contact
8. Findings

Attachments

Fletcher Challenge News Release 23 December 1999
Statement by K M Hoggard