Exhibit 99.2
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
Exercise prices for the Company’s options have been adjusted as a result of the capital return pursuant to the rules of the respective plan documents.
The number of options shown in the table under “Equity Incentive Plan” are after cancellation, without consideration, of 18,583 options with 17 December 2011 expiry and 45,500 options with 3 December 2012 expiry.
| Old Exercise | New Exercise | ||||||||||||||||
| Plans | Options | Price AUD | Price AUD | Expiry Date | |||||||||||||
Peter Donald Macdonald |
|||||||||||||||||
| 1,200,000 | $ | 3.3931 | $ | 3.1821 | 17 Nov 2009 | ||||||||||||
| 624,000 | $ | 4.9731 | $ | 4.7621 | 12 Jul 2011 | ||||||||||||
| 1,950,000 | $ | 5.9196 | $ | 5.7086 | 19 Jul 2012 | ||||||||||||
Key Management Equity Incentive |
|||||||||||||||||
| 682,955 | $ | 3.3431 | $ | 3.1321 | 1 Nov 2009 | ||||||||||||
| 1,653,412 | $ | 3.3031 | $ | 3.0921 | 1 Nov 2010 | ||||||||||||
Equity Incentive Plan |
|||||||||||||||||
| After 18,583 options cancelled: | 2,760,913 | $ | 5.2696 | $ | 5.0586 | 17 Dec 2011 | |||||||||||
| After 45,500 options cancelled: | 3,558,500 | $ | 6.6600 | $ | 6.4490 | 3 Dec 2012 | |||||||||||
Total options |
12,429,780 | ||||||||||||||||
Yours faithfully
/s/ Peter Shafron
Peter Shafron
Company Secretary