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Brambles Industries (BI.)

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Monday 17 December, 2001

Brambles Industries

Holding in Company

Brambles Industries PLC
17 December 2001

                                 SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

     Brambles Industries plc

2)   Name of shareholder having a major interest

     UBS Warburg

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

     In respect of holder named in (2) above


4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

     Apollo Nominees Ltd

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

     7 December 2001

11)  Date company informed

     14 December 2001

12)  Total holding following this notification

     22,117,440



13)  Total percentage holding of issued class following this notification

     3.06%

14)  Any additional information

     The shares are held by UBS Warburg as beneficial owner in the ordinary

     course of its trading activities and include 10,922,447 (1.51%) held for

     hedging purposes in relation to contracts for difference entered into

     with clients.


15)  Name of contact and telephone number for queries

     Lorraine Young - 020 7659 6020

16)  Name of authorised company official responsible for
     making this notification




     Lorraine Young, Company Secretary


     Date of notification 17 December 2001