Brambles Industries PLC
26 November 2004
BRAMBLES INDUSTRIES PLC
Registered number: 4134697
26 November 2004
GRANT OF PERFORMANCE SHARE RIGHTS
We wish to advise that this year's grants under the Brambles Industries Limited
2004 Performance Share Plan, and the Brambles Industries plc 2004 Performance
Share Plan ('Performance Share Plans') have now been finalised.
Details of the grants are set out below.
1. Performance Share Plans
Under the Performance Share Plans:
(a) awards have been granted as at 24 November 2004 with respect to
3,415,993* Brambles Industries Limited ('BIL') shares; and
(b) awards have been granted as at 24 November 2004 with respect to
1,989,011* Brambles Industries plc shares.
In accordance with the Rules of the Plans, no consideration is payable for the
exercise of the Performance Share Plan awards.
Where Performance Share awards are over Share Rights, awards will lapse if
participants do not receive the underlying shares in accordance with their
terms on or before 8 September 2010.
* including a limited number of Phantom Awards
2. Grants to Executive Directors
In addition to the above, in accordance with shareholder approval obtained
at the 2004 Annual General Meetings and as outlined in the 2004 Annual
Report, the following Performance Share Plan awards have also been granted
as at 24 November 2004 to the Group's Executive Directors:
(a) to D J Turner, awards under the Performance Share Plan with respect to
649,464 BIL shares; and
(b) to M F Ihlein, awards under the Performance Share Plan with respect to
519,470 BIL shares, including a sign on award of 200,000 BIL shares.
These Awards will lapse if participants do not receive the underlying shares in
accordance with their terms on or before 8 September 2010.
Tel 020 7659 6020
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