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Brambles Industries (BI.)

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Thursday 30 September, 2004

Brambles Industries

Service contract - CEO

Brambles Industries PLC
30 September 2004

Company Number: 4134697

30 September 2004


We wish to advise of amendments to the terms of the service contract between
Brambles Industries Limited and Brambles' Chief Executive, Mr David Turner.

Consistent with the proposed introduction of the 2004 Performance Share Plans,
as outlined in the 2004 Notice of Meeting released today to the United Kingdom
Listing Authority, and assuming approval of the Plans by shareholders, Mr Turner
has agreed that subsequent equity awards made to him will be subject to the
rules of the new Plans. Specifically, this means that Mr Turner will no longer
be entitled to annual awards of options under the terms of the 2001 Executive
Share Option Plan. He will also waive his rights in respect of future awards
under the 2004 Performance Share Plan to have performance conditions retested at
the fourth, fifth and sixth anniversaries of the award date.

In recognition of these changes, the Board has agreed that, if Mr Turner ceases
employment, other than for cause, death, illness, injury, disability, redundancy
or sale of employer outside the Brambles Group, the Board will exercise its
discretion in respect of future awards to deem the reason for leaving to be
retirement (for the purpose of the rules of the BIL Plan).

For further information, contact:

Investor    Sue Scholes, Head of Investor Relations       +44 (0) 20 7659 6012
Media       Richard Mountain, Financial Dynamics          +44 (0) 20 7269 7291

Investor    John Hobson, Head of Investor Relations       +61 (0) 2 9256 5222
Media       Jeannette McLoughlin, Group General Manager,  +61 (0) 2 9256 5255
            Communications                                Mobile +61 (0) 401 990

Brambles is globally headquartered in Australia

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