Exhibit 99.1
17 November 2004
The Manager
Company Announcements Office
Australian Stock Exchange Limited
20 Bridge Street
SYDNEY NSW 2000
James Hardie Industries N.V.
Incorporated in The Netherlands
The liability of members is limited
4th Floor, Atrium, Unit 04-07
Strawinskylaan 3077
1077 ZX Amsterdam,
The Netherlands
Telephone:
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31-20-301 2980 | |
Fax:
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31-20-404 2544 |
Dear Sir
The Company has cancelled 738,058 options under the terms of the James Hardie Industries NV 2001 Equity Incentive Plan reducing the unquoted options total to 15,542,493 options as set out in the table below.
Quoted securities total 458,773,612 shares/CUFS and remain unchanged.
Table of James Hardie Industries NV options:
| Range of Exercise | Number of options | Current number of | ||||||||||
| Prices A$ |
before cancellation |
Options cancelled |
options outstanding |
|||||||||
$3.0921 |
1,349,444 | 9,210 | 1,340,234 | |||||||||
$3.1321 |
530,362 | 530,362 | ||||||||||
$3.1821 |
1,200,000 | 1,200,000 | ||||||||||
$4.7621 |
624,000 | 624,000 | ||||||||||
$5.0586 |
2,410,211 | 93,889 | 2,316,322 | |||||||||
$5.7086 |
1,950,000 | 1,950,000 | ||||||||||
$6.449 |
3,056,950 | 212,625 | 2,844,325 | |||||||||
$7.05 |
5,159,584 | 422,334 | 4,737,250 | |||||||||
Totals |
16,280,551 | 738,058 | 15,542,493 | |||||||||
Each option confers the right to subscribe for one ordinary share/CUFS in the capital of James Hardie Industries N.V. at the exercise price shown in the table subject to the terms of issue.
Yours faithfully |
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/s/ W. (Pim) Vlot |
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W. (Pim) Vlot Company Secretary |