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Brambles Industries (BI.)

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Friday 05 March, 2004

Brambles Industries

Grants under LTIPs

Brambles Industries PLC
05 March 2004

BRAMBLES INDUSTRIES PLC

GRANT 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 as at 4 March 2004 over 967,531 Brambles
Industries Limited ('BIL') shares at an exercise price of A$5.31 per share; and

(b) Options have been granted as at 4 March 2004 over 573,563 Brambles
Industries plc ('BIP')shares at an exercise price of £2.11 per share;

The Options will lapse if they are not exercised in accordance with their terms
on or before 4 March 2010.

2. Performance Share Plans

Under the Performance Share Plans:

(a) Awards have been granted as at 4 March 2004 with respect to 242,277 BIL
shares; and

(b) Awards have been granted as at 4 March 2004 with respect to 135,963 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 4 March 2010.



Contact for queries:

Sandra Walters, Assistant Company Secretary
Tel: 020 7659 6039


5 March 2004



                      This information is provided by RNS
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