Exhibit 99.1
Appendix 3B
New Issue Announcement
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement, application for quotation of additional
securities and agreement
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.
Name of entity
James Hardie Industries N.V.
ARBN
097 829 895 Incorporated in The Netherlands. The liability of members is limited.
We (the entity) give ASX the following information.
Part 1 — All issues
You must complete the relevant sections (attach sheets if there is not enough space).
         
1
  +Class of +securities issued or to be issued  
 Ordinary shares/CUFS
 
 
        
2
  Number of +securities issued or to be issued (if known) or maximum number which may be issued  
 29,989 ordinary shares/CUFS
 
 
        
3
  Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)  
 29,989 ordinary shares/CUFS issued on exercise of  options
 
James Hardie Industries N.V.
 
+   See chapter 19 for defined terms
Appendix 3B – Page 1

 

 

Appendix 3B
New Issue Announcement
         
4
  Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?  
 Yes, rank equally with issued ordinary shares/CUFS
 
 
      
 
  If the additional securities do not rank equally, please state:  
 
 
 
•     the date from which they do

•     the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

•     the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
  
 
        
5
  Issue price or consideration  
 Allotment of ordinary shares/CUFS on exercise of  options:

 12,489 at $6.38
 10,000 at $5.99
 7,500 at $6.449
 
 
        
6
  Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)  
 Exercise of options
 
 
        
7
  Dates of entering +securities into uncertificated holdings or despatch of certificates  
 21 December 2009
 
                 
         Number  +Class
8
  Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)    434,354,418  Ordinary shares/ CUFS
 
               
James Hardie Industries N.V.
 
+   See chapter 19 for defined terms
Appendix 3B – Page 2

 

 

Appendix 3B
New Issue Announcement
                   
                   
 
        Number     +Class  
                   
9
  Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)

    
14,753,119
4,761,777

No Stock Options or Restricted Stock Units have been cancelled

    
Options
Restricted Stock Units		  
                   
 
                  
                   
10
  Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

   
Rank for dividends equally with issued ordinary shares/CUFS

  
                   
Part 2 — Bonus issue or pro rata issue
                 
             
11
  Is security holder approval required?

   
Not applicable

      
             
 
                
             
12
  Is the issue renounceable or non-renounceable?

   
Not applicable

      
             
 
                
             
13
  Ratio in which the +securities will be offered


    
Not applicable

      
             
 
                
             
14
  +Class of +securities to which the offer relates

   
Not applicable

      
             
 
                
             
15
  +Record date to determine entitlements

   
Not applicable

      
             
 
                
             
16
  Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

   
Not applicable

      
             
 
                
             
17
  Policy for deciding entitlements in relation to fractions

   
Not applicable

      
             
James Hardie Industries N.V.
 
+   See chapter 19 for defined terms
Appendix 3B – Page 3

 

 

Appendix 3B
New Issue Announcement
                 
             
18
  Names of countries in which the entity has +security holders who will not be sent new issue documents

Note: Security holders must be told how their entitlements are to be dealt with.

Cross reference: rule 7.7.

   
Not applicable

      
             
 
                
             
19
  Closing date for receipt of acceptances or renunciations

   
Not applicable

      
             
 
                
             
20
  Names of any underwriters

   
Not applicable

      
             
 
                
             
21
  Amount of any underwriting fee or commission

   
Not applicable

      
             
 
                
             
22
  Names of any brokers to the issue

   
Not applicable

      
             
 
                
             
23
  Fee or commission payable to the broker to the issue

   
Not applicable

      
             
 
                
             
24
  Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders

   
Not applicable

      
             
 
                
             
25
  If the issue is contingent on +security holders’ approval, the date of the meeting

   
Not applicable

      
             
 
                
             
26
  Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled

   
Not applicable

      
             
 
                
             
27
  If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders

   
Not applicable

      
             
 
                
             
28
  Date rights trading will begin (if applicable)


    
Not applicable

      
             
James Hardie Industries N.V.
 
+   See chapter 19 for defined terms
Appendix 3B — Page 4

 

 

Appendix 3B
New Issue Announcement
         
 
       
29
  Date rights trading will end (if applicable)  
 Not applicable
 
        
30
  How do +security holders sell their entitlements in full through a broker?  
 Not applicable
 
        
31
  How do +security holders sell part of their entitlements through a broker and accept for the balance?  
 Not applicable
 
        
32
  How do +security holders dispose of their entitlements (except by sale through a broker)?  
 Not applicable
 
        
33
  +Despatch date  
 Not applicable
Part 3 — Quotation of securities
You need only complete this section if you are applying for quotation of securities
         
34
   Type of securities
(tick one)
 
        
(a)
  o   Securities described in Part 1
 
        
(b)
  o   All other securities
 
        
 
      Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents
         
35
  o   If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
 
        
36
  o   If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories
 
 
      1 – 1,000
 
      1,001 – 5,000
 
      5,001 – 10,000
 
      10,001 – 100,000
 
      100,001 and over
James Hardie Industries N.V.
 
+   See chapter 19 for defined terms
Appendix 3B – Page 5

 

Appendix 3B
New Issue Announcement
         
37
  o   A copy of any trust deed for the additional +securities
Entities that have ticked box 34(b)
                 
38
   Number of securities for which +quotation is sought        
 
                
39
   Class of +securities for which quotation is sought        
 
                
40
   Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?        
 
                
    If the additional securities do not rank
equally, please state:		        
 
                
 
  •   the date from which they do        
 
                
 
  •   the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment        
 
                
 
  •   the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment        
 
                
41
   Reason for request for quotation now        
 
                
    Example: In the case of restricted securities, end of restriction period        
 
                
    (if issued upon conversion of another security, clearly identify that other security)        
                       
 
             Number       +Class    
42
   Number and +class of all +securities quoted on ASX (including the securities in clause 38)              
James Hardie Industries N.V.
 
+   See chapter 19 for defined terms
Appendix 3B – Page 6

 

Appendix 3B
New Issue Announcement
Quotation agreement
1   +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.
2   We warrant the following to ASX.
  •   The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
 
  •   There is no reason why those +securities should not be granted +quotation.
 
  •   An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
 
      Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
 
  •   Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
 
  •   If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
3   We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
 
4   We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
         
Sign here:
  /s/ Robert E Cox
 
(Director/Company secretary) 		  Date: 21 December 2009 
 
        
Print name:
  Robert E Cox    
James Hardie Industries N.V.
 
+   See chapter 19 for defined terms
Appendix 3B – Page 7