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Brambles Industries (BI.)

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Tuesday 26 November, 2002

Brambles Industries

Director Shareholding

Brambles Industries PLC
26 November 2002


The following announcement has been released to the Australian Stock Exchange
for Brambles Industries Limited

Contact              Sandra Walters, Assistant  Company Secretary
                     Tel   020 7659 6039

26 November 2002

Rule 3.19A.2
Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as
available.  Information and documents given to

ASX  become ASX's property and may be made public.

Introduced 30/9/2001.

                    ('BIL')                           ('BIP')
ABN                 22 000 129 868                    N/A

We (the entity) give ASX the following information under listing rule 3.19A.2
and as agent for the director for the purposes of section 205G of the 
Corporations Act.

Name of Director                            DONALD ROBERT ARGUS

Date of last notice                         30 August 2002

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust

Direct or indirect interest                 Indirect interest

Nature of indirect interest                 Shares purchased by Alamiste Pty 
(including registered holder)               Limited (trustee of a family trust)

Note: Provide details of the circumstances
giving rise to the relevant interest.

Date of change                              26 November 2002
No. of securities held prior to change      BIL  -  4,129 ordinary shares held 
                                                 -  82,000 ordinary shares held 
                                                    by Alamiste Pty Ltd

                                            BIP  -  Nil
Class                                       Ordinary Shares

Number acquired                             20,000

Number disposed                             N/A


Note: If consideration is non-cash, provide $4.41 per share
details and estimated valuation

No. of securities held after change         BIL  -  4,129 ordinary shares held 
                                                 -  102,000 ordinary shares held 
                                                    by Alamiste Pty Ltd

                                            BIP  -  Nil

Nature of change

Example: on-market trade, off-market trade, On-market trade
exercise of options, issue of securities
under dividend reinvestment plan,
participation in buy-back

Part 2 - Change of director's interests in contracts

Detail of contract                      Nil
Nature of interest

Name of registered holder
(if issued securities)

Date of change
No. and class of securities to which
interest related prior to change

Note: Details are only required for a
contract in relation to which the
interest has changed

Interest acquired
Interest disposed

Note: If consideration is non-cash,
provide details and an estimated

Interest after change

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