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Construction grade timber is often (actually almost always) dimensioned when it is very green. Therefore unless you're buying something like CLS (which is for studwork so all dimensions MUST be the same) the dimensions of the timber will change as it dries out / seasons.
TLDR it probably was 100mm when it was dimensioned but has dried out.
Err I'm no expert on fencing but aren't the fence posts supposed to be tight to the walls of the spike holders? As far as I'm aware they're meant to be held in by friction, the bits of metal that are folded in where you're driving the timbalock are essentially there to increase friction.