Exhibit 99.1
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 30/09/01   Amended 01/01/11
       
  Name of entity James Hardie Industries SE  
  ARBN 097 829 895  
 
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
     Louis GRIES   
 
Date of last notice
    10 December 2010   
 
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 and 9 March 2011   
           
 
No. of securities held prior to change
    
•   407,756 ordinary shares/CUFS registered in the name of the Director; and
•   2,328,000 options over unissued ordinary shares/CUFS comprising:
o   650,000 options under the 2001 Equity Incentive Plan;
o   860,000 options (ROCE) under the 2006 JHISE Long Term Incentive Plan; and
o   818,000 options (TSR) under the 2006 JHISE Long Term Incentive Plan.
  
           
 
Class
     Ordinary shares/CUFS   
           

     
 
+ See chapter 19 for defined terms.    
     
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Appendix 3Y
Change of Director’s Interest Notice
 
           
           
 
Number acquired
     Nil    
           
 
Number disposed
     109,213 ordinary shares/CUFS    
           
 
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
     $709,888.10    
           
 
No. of securities held after change
    
•   298,543 ordinary shares/CUFS registered in the name of the Director; and
•   2,328,000 options over unissued ordinary shares/CUFS comprising:
o   650,000 options under the 2001 Equity Incentive Plan;
o   860,000 options (ROCE) under the 2006 JHISE Long Term Incentive Plan; and
o   818,000 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
     On market sale in compliance with the James Hardie stock accumulation policy and as referred to in the announcement to the ASX on 10 December 2010.    
           
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 issued ordinary shares/CUFS upon satisfaction of certain conditions.    
           
 
Name of registered holder
(if issued securities)
     Not applicable    
           
 
Date of change
     Not applicable    
           
 
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
     Not applicable    
           
 
Interest acquired
     Not applicable    
           
 
Interest disposed
     Not applicable    
           

     
 
+ See chapter 19 for defined terms.    
     
Appendix 3Y Page 2   01/01/2011

 

 

Appendix 3Y
Change of Director’s Interest Notice
 
           
           
 
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
     Not applicable   
           
 
Interest after change
    Current interests in contracts are:
 
•   1,452,609 Relative TSR RSUs; and
•   847,713 Executive Incentive Program RSUs.

  
           
Part 3 — +Closed period
           
           
 
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?
     No   
           
 
If so, was prior written clearance provided to allow the trade to proceed during this period?
    Not applicable  
           
 
If prior written clearance was provided, on what date was this provided?
     Not applicable   
           

     
 
+ See chapter 19 for defined terms.    
     
01/01/2011 Appendix 3Y Page 3