Brambles Industries PLC
7 May 2002
BRAMBLES ANNOUNCES SALE OF JARDINE SHIPPING ASSETS
Brambles Australia Limited has today sold certain assets relating to its
Cairns-based coastal shipping service, Jardine Shipping, to a private investor.
The consideration for the sale of approximately A$13 million has been received
in cash. The coastal shipping business earned revenue of approximately A$18
million in the financial year ended 30 June 2001. The sale will not have a
material effect on the Group's earnings.
Brambles continues to pursue its marine activities through Brambles Shipping
(the major freight carrier between Tasmania and mainland Australia).
7 May 2002
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: Ron Burke +61 (0) 2 9256 5255
Group General Manager, Corporate Affairs
Group Manager Communications +61 (0) 2 9256 5204
The Brambles Industries Group is globally headquartered in Sydney, Australia.
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