Exhibit 99.1
6 November 2003
| James Hardie Industries N.V. | ||||
| ARBN 097 829 895 | ||||
| Incorporated in The Netherlands | ||||
| The liability of members is limited | ||||
| The Manager Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000 |
4th Floor, Atrium, Unit 04-07 Strawinskylaan 3077 1077 ZX Amsterdam, The Netherlands |
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| Telephone: | 31-20-301 2980 | |||
| Fax: | 31-20-404 2544 | |||
Dear Sir
The Company’s capital return is 21.10 Australian cents per CUFS, being 13.05 Euro cents per share/CUFS.
The capital return is payable in Australian currency on 19 November 2003 to CUFS holders registered at the 5 November 2003 record date.
American Depositary Receipt (ADR) holders will receive payment in US currency. Five of the Company’s shares/CUFS equal one ADR which trade on the New York Stock Exchange under the symbol “JHX”. ADR holders will received US 74.95 cents per ADR held.
No Dutch withholding tax is required to be deducted by the Company from the capital return.
Yours faithfully
/s/ Peter Shafron
Peter Shafron
Company Secretary