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Brambles Industries (BI.)

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Tuesday 13 November, 2001

Brambles Industries

Holding in Company

Brambles Industries PLC
13 November 2001

                                 SCHEDULE 10


1)   Name of company

     Brambles Industries plc

2)   Name of shareholder having a major interest

     CGNU plc

3)   Please state whether notification indicates that it is in

     respect of holding of the shareholder named in 2 above or

     in respect of a non-beneficial interest or in the case of

     an individual holder if it is a holding of that person's

     spouse or children under the age of 18

     Part material and part non beneficial interest.

4)   Name of the registered holder(s) and, if more than one

     holder, the number of shares held by each of them


5)   Number of shares/amount of stock acquired


6)   Percentage of issued class


7)   Number of shares/amount of stock disposed


8)   Percentage of issued class


9)   Class of security

     Ordinary shares of 5p each

10)  Date of transaction

     8 November 2001

11)  Date company informed

     12 November 2001

12)  Total holding following this notification

     Below 3%

13)  Total percentage holding of issued class following this


     Holding has fallen below 3%

14)  Any additional information

     Neither Morley Fund Management Limited nor CGNU plc have

     a notifiable interest in the ordinary shares of Brambles

     Industries plc.

15)  Name of contact and telephone number for queries

     Lorraine Young - 020 7659 6020

16)  Name and signature of authorised company official

     responsible for making this notification

     Lorraine Young, Company Secretary

     Date of notification - 13 November 2001