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Thursday 26 July, 2001

FTSE

Re: GKN Demerger

FTSE
26 July 2001

26 July 2001                                              Technical Release


  GKN PLC: Demerger of Support Services Businesses and their combination with
                 Brambles Inds Ltd.
                            Changes in FTSE Indices

In accordance with the proposed demerger of GKN's Support Services Businesses
and their combination with Brambles Industries Ltd (FTSE All-World Australia
Constituent) (612009) by way of a dual listed companies structure, FTSE
announce the following timetable with regard to treatment within FTSE indices:

Thursday 2 August 2001 after close:

FTSE announce constituent changes. The estimated valuation of Brambles
Industries PLC will be based on the closing market capitalisation of Brambles
Industries Ltd (AUS) on 2 August 2001. The announcement will be issued after
the close of European Markets (i.e. after 19:00 BST).

Monday 6 August 2001:

GKN (0253804) expected to be suspended from trading for the duration of the
day. GKN will remain in FTSE indices based on its suspended price.

Wednesday 7 August 2001:

All changes effective. The actual valuation of Brambles Industries PLC will be
based on the closing market capitalisation of Brambles Industries Ltd (AUS) on
6 August 2001 and will be used for implementing any announced changes.

Please note: all proposed changes are subject to demerger and combination
becoming    effective.

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