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Brambles Industries (BI.)

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Friday 05 April, 2002

Brambles Industries

Grant of Options

Brambles Industries PLC
5 April 2002


BRAMBLES INDUSTRIES PLC

GRANTS OF OPTIONS AND PERFORMANCE SHARES


We wish to advise that the following grants of options and share awards have
been made under the Brambles 2001 Executive Share Option Plans ('Option Plans') 
and the Brambles 2001 Executive Performance Share Plans 
('Performance Share Plans'):


1.  Option Plans

Under the Option Plans:

(a) Options have been granted over 151,733 Brambles Industries plc ('BIP')
shares at an exercise price of £3.38 per share; and

(b) Options have been granted over 151,733 Brambles Industries Limited ('BIL')
shares at an exercise price of A$9.51 per share.

The Options will lapse if they are not exercised in accordance with their terms
on or before 2 April 2008.



2.  Performance Share Plans


Under the Performance Share Plans:

(a) Awards have been granted with respect to 45,877 BIP shares; and

(b) Awards have been granted with respect to 45,877 BIL 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 2 April 2008.


Contact for queries:

Sue Scholes, Investor Relations
Tel: 020 7659 6000


                      This information is provided by RNS
            The company news service from the London Stock Exchange