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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


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

     Not advised

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

     11 December 2001

11)  Date company informed

     14 December 2001

12)  Total holding following this notification

     Not advised

13)  Total percentage holding of issued class following this notification

     Fallen below 3%

14)  Any additional information


15)  Name of contact and telephone number for queries

     Lorraine Young, Company Secretary - 020 7659 6020

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

     Lorraine Young, Company Secretary

     Date of notification 17 December 2001