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Brambles Industries (BI.)

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Thursday 13 October, 2005

Brambles Industries

Acquisition and Disposal

Brambles Industries PLC
13 October 2005


Stock Exchange and Media Release
13 October 2005

       Brambles sells Cleanaway Germany for £387 million (A$893 million)
                and buys Ausdoc for £112 Million (A$260 Million)

Brambles today announced two major transactions:

   •the sale of Cleanaway Germany to SULO, the Germany-based waste management
    group, for £387 million (A$893 million) in cash; and

   •the acquisition of AUSDOC, the Melbourne-based information management
    business, for £112 million (A$260 million) in cash.

The Chief Executive Officer of Brambles, David Turner, said both transactions
illustrated Brambles' focus on creating shareholder value.

'Our strategy is to create increasing value by managing our businesses
rigorously and seeking appropriate opportunities for growth,' Mr Turner said.

'Each part of Brambles must create growing value for our shareholders in the
long term. We have taken this opportunity to sell Cleanaway Germany at an
attractive price, while at the same time investing part of the proceeds to
acquire the higher growth information management business, AUSDOC. These moves
demonstrate our strategy in action.

'AUSDOC is a high quality business with a leading position in its markets. The
acquisition underpins our overall strategy for Recall and continues to develop
our information business in Australia.'

Greater detail on both these transactions is attached to this announcement.

For further information please contact:

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

Australia
Investor    John Hobson, Head of Investor Relations    +61 (0)2 9256 5216
                                                       +61 (0)414 239 188
                                                       (mobile)
Media       Michael Sharp, Vice President Corporate    +61 (0)2 9256 5255
            Affairs                                    +61 (0)439 470 145
                                                       (mobile)

                Brambles is globally headquartered in Australia

Stock Exchange and Media Release
13 October 2005

               Brambles sells Cleanaway Germany for £387 million(1)

Brambles today announced the sale of Cleanaway Germany to SULO, the
Germany-based waste management group, for £387 million (A$893 million) in cash.
The sale is subject to approval from the relevant competition authorities in
Europe, a process that may take a few months.

Cleanaway Germany had sales of £360 million (A$886 million) in the year to 30
June 2005 and comparable operating profit2 of £36 million (A$88 million). The
pre-tax profit on the sale will be about £50 million (A$120 million) under both
UK GAAP and IFRS reporting.

The Chief Executive Officer of Brambles, David Turner, said: 'This is a very
good outcome for Brambles that illustrates our focus on creating shareholder
value.

'Cleanaway Germany has been well managed and this is reflected in the attractive
price that has been agreed. We will use the proceeds to invest in the further
growth of our other businesses while, at the same time, reducing debt.'

Mr Turner said SULO planned to integrate the Cleanaway Germany businesses with
its existing and significant German waste management operations.

'We will continue to focus on growing shareholder value in Brambles, through the
rigorous management of our businesses and investing in growth,' Mr Turner said.

Cleanaway Germany

Cleanaway Germany employs over 2,600 people and operates over 50 facilities in
Germany, Austria, Hungary, Poland, Switzerland, Sweden, Estonia and Lithuania.
Cleanaway Germany collects and recycles municipal, packaging, commercial and
industrial waste and offers customers a range of recycling capabilities, from
waste paper to plastics, glass, wood and organic material.

The value of the gross assets of Cleanaway Germany at 30 June 2005 was £374
million (A$881 million). Depreciation for the 12 months to 30 June 2005 was £19
million (A$48 million).

Notes
1.       All figures are shown in UK GAAP
2.       Comparable operating profit is defined as profit before interest, tax,
         goodwill amortisation and exceptional/significant items.

Stock Exchange and Media Release
13 October 2005

                     BRAMBLES BUYS AUSDOC FOR £112 MILLION

Brambles today announced that it had agreed to purchase AUSDOC, the
Melbourne-based information management business, from ABN AMRO Capital for £112
million (A$260 million) in cash.

The acquisition is conditional on approval from the Australian Competition and
Consumer Commission and Foreign Investment Review Board, with a decision
expected before the end of 2005.

AUSDOC operates in all major regions in Australia, as well as selected markets
in Canada and Indonesia, providing information management services such as
document indexing, storage and retrieval for its customers.

The business reported sales of £28 million (A$70 million) in the year to 30 June
2005 and underlying earnings before interest, tax and goodwill amortisation of
£7 million (A$16 million).

The Chief Executive Officer of Brambles, David Turner, said AUSDOC was a high
quality business that would fit well with the existing operations of Recall in
Australia.

'The acquisition of AUSDOC has been an important strategic objective for some
years,' Mr Turner said.

'It underpins our overall strategy for Recall, will further develop our
information management business in Australia and will deliver significant
synergies. Recall and AUSDOC have similar business profiles, complementary
customer bases and similar operating styles and systems.

'We expect the acquisition to be earnings positive before amortisation in the
first full year and to contribute to Brambles Value Added after the first two
years.'

Recall operates in more than 200 locations in 23 countries and is the leading
provider of information management services in Australia. Its integrated
services manage physical and digital documents through their entire life cycle -
from creation, indexation and organisation, secure retention and retrieval to
secure destruction.

Recall sales in Australia and New Zealand totalled £50 million (A$123 million)
in the year to 30 June 2005.



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