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Brambles Industries (BI.)

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Thursday 09 November, 2006

Brambles Industries

FIRB Approval

Brambles Industries PLC
09 November 2006

Brambles Industries plc

Company Number: 4134697

9 November 2006


On 13 September 2006, Brambles announced that it had received Court approval to
convene meetings of shareholders of Brambles Industries Limited ('BIL') and
Brambles Industries plc ('BIP') to vote in each case on the proposed unification
of BIL and BIP under a single Australian holding company - called Brambles
Limited - with a primary listing on the Australian Stock Exchange ('ASX') and a
secondary listing on the London Stock Exchange ('LSE'). The Information
Memorandum was mailed to shareholders of both BIL and BIP and is also available
on the Brambles website (

Brambles announced today that it has received confirmation from the Federal
Treasurer of Australia that he has no objection to the unification, and that, on
the basis of statements from the Board as to its intention, as detailed below,
undertakings given by BIL to the Treasurer in 2001 at the time of the formation
of Brambles' dual listed companies structure will terminate on the proposed
unification. Accordingly, the condition precedent to the BIL and BIP schemes of
arrangement relating to that approval has now been satisfied. All conditions
precedent to the schemes have now been satisfied, other than certain conditions
relating to approvals from the ASX and UK Listing Authority.

The undertakings given by BIL in 2001 included undertakings that the
headquarters of BIL and the global headquarters of the dual listed group would
be in Australia, and that both the Chief Executive Officer and Chief Financial
Officer of the dual listed group would have their principal places of residence
in Australia.

Although these undertakings will terminate on unification of the DLC, the
current Board of Brambles Limited has informed the Foreign Investment Review
Board ('FIRB') that it intends that the head office and global headquarters of
the Brambles Group will be based in Australia, and Brambles Limited's Chief
Executive Officer and Chief Financial Officer will have their principal places
of residence in Australia. The Board has informed FIRB that, in expressing this
intention, it has had regard to its statutory and fiduciary duties to
shareholders, and that the Board's position on these issues may change in the
future if the Brambles Limited Directors are required by those duties to do so.

Brambles Industries Limited

Brambles Industries plc

Brambles Limited

                Brambles is globally headquartered in Australia

For further information


John Hobson, Head of Investor Relations        +61 (0) 2 9256 5216
                                               +61 (0) 407 436 711 (mobile)

Michael Sharp,                                 +61 (0) 2 9256 5255
Vice President, Corporate Affairs              +61 (0) 439 470 145 (mobile)


Sue Scholes, Head of Investor Relations        +44 (0) 20 7659 6012


Richard Mountain, Financial Dynamics           +44 (0) 20 7269 7291

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