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Brambles Industries (BI.)

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Friday 06 September, 2002

Brambles Industries

Grant of options

Brambles Industries PLC
06 September 2002


BRAMBLES INDUSTRIES PLC

GRANT OF OPTIONS AND PERFORMANCE SHARES


We wish to advise that this year's grants under the Brambles 2001 Executive
Share Option Plans ('Option Plans') and the Brambles 2001 Executive Performance 
Share Plans ('Performance Share Plans') have now been finalised. The grants are 
subject to performance conditions in accordance with the Rules of the Plans.


Details of the grants are set out below.

1.   Option Plans

Under the Option Plans:

(a)  Options have been granted as at 5 September 2002 over 5,683,219 BIL shares
     at an exercise price of A$7.08 per share; and

(b)  Options have been granted as at 5 September 2002 over 3,568,787 BIP shares
     at an exercise price of £2.33 per share.

The Options will lapse if they are not exercised in accordance with their terms
on or before 5 September 2008.

2.   Performance Share Plans

Under the Performance Share Plans:

(a)  awards have been granted as at 5 September 2002 with respect to 1,661,167
     BIL shares; and

(b)  awards have been granted as at 5 September 2002 with respect to 1,084,777
     BIP shares.

In accordance with the Rules of the Plans, no consideration is payable for the
exercise of the Performance Share Plan awards.

The Performance Share awards will lapse if participants do not receive the
underlying shares in accordance with their terms on or before 5 September 2008.

3.   Grants to Executive Directors

In addition to the above, in accordance with shareholder approval obtained at
the 2001 Annual General Meetings, the following Options and Performance Share 
Plan awards have also been granted as at 5 September 2002 to the Group's 
Executive Directors:

(a)  to Sir CK Chow, Options over 1,176,834 BIL shares at an exercise price of
     $7.08 and an award under the Performance Share Plan with respect to 320,804 
     BIL shares; and

(b)  to D J Turner, Options over 540,740 BIL shares at an exercise price of
     $7.08 and an award under the Performance Share Plan with respect to 147,406 
     BIL shares.

These awards will lapse if they are not exercised in accordance with their terms
on or before 5 September 2008.


Contact for queries

Sandra Walters
Assistant Company Secretary

Tel:  020 7659 6039


6 September 2002



                      This information is provided by RNS
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