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Brambles Industries (BI.)

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Friday 21 December, 2001

Brambles Industries

Grant of options

Brambles Industries PLC
21 December 2001

BRAMBLES INDUSTRIES PLC


GRANTS OF OPTIONS AND PERFORMANCE SHARES


Following approval from shareholders at the Annual General Meetings of
Brambles  Industries plc ('BIP') and Brambles Industries Limited ('BIL'), this 
year's grant of options under the Brambles 2001 Executive Share Option Plans 
('Option Plans') and of awards under the Brambles 2001 Executive Performance 
Share Plans ('Performance Share Plans') has now been finalised. Details of the 
grants are set out below.



1.   Option Plans



Under the Option Plans:



(a)   Options have been granted over 3,935,437 BIL shares at an exercise price
      of A$9.63 per share; and



(b)   Options have been granted over 2,674,547 BIP shares at an exercise price
      of £3.21 per share.



The Options will lapse if they are not exercised in accordance with their
terms on or before 19 December 2007.



2.  Performance Share Plans



Under the Performance Share Plans:



(a) awards have been granted with respect to 1,189,196 BIL shares; and



(b) awards have been granted with respect to 814,728 BIP shares.



In accordance with the Rules approved by shareholders, nothing is payable for
the awards granted under the Performance Share Plans.



The Performance Share awards will lapse if participants do not choose to
receive them in accordance with their terms on or before 19 December 2007.



3.  Grants to Executive Directors



In addition to the above, in accordance with shareholder approval obtained at
this year's Annual General Meetings, the following Options and Performance Share
Plan awards have also been granted as at 7 August 2001 to the Group's Executive
Directors:



    to Sir CK Chow, Options over 605,700 BIL shares at an exercise price of
A$11.24 and an award under the Performance Share Plan with respect to 181,300 
BIL shares;
and



    to D J Turner, Options over 278,300 BIL shares at an exercise price of
A$11.24 and an award under the Performance Share Plan with respect to 181,300 
BIL shares.



These awards will lapse if they are not exercised in accordance with their
terms on or before 7 August 2007.



        Contact for queries:              Lorraine Young, Company Secretary
                                          Tel: 020 7659 6000