Exhibit 99.2
Appendix 3Y
Change of Director’s Interest Notice

 
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
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 30/9/2001.
     
  Name of entity James Hardie Industries SE  
  ARBN 097 829 895 Incorporated in the Netherlands. The liability of members is limited.  
 
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
           
 
Name of Director
    Mr Russell L. CHENU  
 
Date of last notice
    17 December 2009  
 
Part 1 — Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
           
           
 
Direct or indirect interest
    Direct  
           
 
Nature of indirect interest
(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.
    Not applicable  
           
 
Date of change
    7 June 2010 (US time)  
           
 
No. of securities held prior to change
   
•  35,000 ordinary shares/CUFS registered in the name of the Director; and
•  442,000 options over unissued ordinary shares/CUFS, comprising:
¡  93,000 options under the 2001 Equity Incentive Plan;
¡  90,000 options under the Managing Board Transitional Stock Option Plan;
¡  133,000 options (ROCE) under the 2006 JHISE Long Term Incentive Plan; and
¡  126,000 options (TSR) under the 2006 JHISE Long Term Incentive Plan.
 
           
 
Class
    Ordinary shares/CUFS  
           
 
Number acquired
    20,990  
           
 
Number disposed
    Nil  
           
 
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
    $154,276.50  
           

     
 
+ See chapter 19 for defined terms.    
     
6/7/2010 Appendix 3Y   Page 1

 


 

Appendix 3Y
Change of Director’s Interest Notice

 
           
           
 
No. of securities held after change
   
•  55,990 ordinary shares/CUFS registered in the name of the Director; and
•  442,000 options over unissued ordinary shares/CUFS, comprising:
¡  93,000 options under the 2001 Equity Incentive Plan;
¡  90,000 options under the Managing Board Transitional Stock Option Plan;
¡  133,000 options (ROCE) under the 2006 JHISE Long Term Incentive Plan; and
¡  126,000 options (TSR) under the 2006 JHISE Long Term Incentive Plan.
 
           
 
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
    Not applicable  
           
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
           
           
 
Detail of contract
    Not applicable  
           
 
Nature of interest
    Restricted Stock Units (RSUs) are contractual entitlements to be issued ordinary shares/CUFS upon satisfaction of certain conditions.  
           
 
Name of registered holder (if issued securities)
    Russell Chenu  
           
 
Date of change
    7 June 2010 (US time)  
           
 
No. and class of securities to which interest related prior to change
Note: Details are only required for a contract in relation to which the interest has changed
   
•  170,207 Relative TSR RSUs; and
•  94,781 Executive Incentive Program RSUs.
 
           
 
Interest acquired
    70,052 Executive Incentive Program Restricted Stock Units. A proportion of these RSUs will vest on 7 June 2012 depending on the Director’s scorecard rating between 0 and 100. These RSUs are granted pursuant to the 2006 JHISE Long Term Incentive Plan, as approved by shareholders at the 2009 Annual General Meeting.  
           
 
Interest disposed
    Not applicable  
           
 
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
    No cash consideration was paid for the Restricted Stock Units.  
           
 
Interest after change
    Current interests in contracts are:
•  170,207 Relative TSR RSUs; and
•  164,833 Executive Incentive Program RSUs.
 
           

     
 
+ See chapter 19 for defined terms.    
     
Appendix 3Y Page 2   6/7/2010