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Brambles Industries (BI.)

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Tuesday 18 December, 2001

Brambles Industries

Brambles Sells Wreckair

Brambles Industries PLC
18 December 2001


Brambles Industries today announced that it has reached agreement for the sale
of Wreckair, its Australian equipment rental business, to Coates Hire Limited.  
The sale values the Wreckair business at A$85 million, of which A$63.8 million 
will be paid in cash on completion with the balance represented by trade 
receivables that will be paid to Brambles as they are collected. The sale price
approximates net book value for Brambles.

In the year to June 30, 2001 Wreckair had sales of A$133 million and earnings
of A$2.6 million (before interest and tax).

The sale is expected to be completed on February 1, 2002 and is subject to the
successful completion of a capital raising by Coates Hire Limited.

The divestment of Wreckair is a further step in the realignment of Brambles'
strategy towards its core businesses.  It follows last month's announcement of 
the agreement for the sale of Groupe CAIB, Brambles European Rail Division.

Completion of the sale of Wreckair will be the seventh in Brambles' current
divestment program and will bring the aggregate proceeds to over A$1 billion.

18 December 2001

For further information contact:


Media       Richard Mountain, Financial Dynamics     +44 (0) 20 7831 3113

Investor and Other   Sue Scholes, Head of Investor Relations+44 (0) 20 7659 6012


All Enquiries      Edna Carew        +61 (0) 2 9256 5204