Exhibit 99.5

COMPANY STATEMENT

24 September 2007		For media enquiries please call Peter
		Baker on: Tel: (02) 8274 5239
		For analyst enquiries please call Steve
		Ashe on: Tel: (02) 8274 5246
		Mob: 0408 164 011.

Managing Board Change

James Hardie advises that Benjamin Butterfield has resigned as Company Secretary, General Counsel and member of the Managing Board, effective from 1 October 2007.

A replacement will be appointed by the company in due course.

The company’s Senior Leadership Team will now consist of: Louis Gries, Chief Executive Officer; Russell Chenu, Chief Financial Officer; James Chilcoff — Vice President Marketing and International Business; Mark Fisher — Vice President Research and Development; Grant Gustafson — Vice President Interiors and Business Development; Brian Holte — Vice President General Manager Western Division; Nigel Rigby — Vice President General Manager Northern Division; Joel Rood — Vice President General Manager Southern Division; Robert Russell — Vice President Engineering and Process Development; Peter Baker, Executive Vice President Australia; and Steve Ashe, Vice President — Investor Relations.

End.

Media Enquiries:

Peter Baker

Telephone:		61 2 8274 5239
Email:		[email protected]
Facsimile:		61 2 8274 5218

Investor and Analyst Enquiries:

Steve Ashe

Telephone:		61 2 8274 5246
Mobile:		61 408 164 011
Email:		[email protected]
Facsimile:		61 2 8274 5218

www.jameshardie.com

Disclaimer

This company statement contains forward-looking statements. We may from time to time make forward-looking statements in our periodic reports filed with or furnished to the United States Securities and Exchange Commission on Forms 20-F and 6-K, in our annual reports to shareholders, in offering circulars and prospectuses, in media releases and other written materials and in oral statements made by our officers, directors or employees to analysts, institutional investors, representatives of the media and others. Examples of forward-looking statements include:

•		expectations about the timing and amount of payments to the Asbestos Injuries Compensation Fund (AICF), a special purpose fund for the compensation of proven asbestos-related personal injury and death claims;
•		expectations with respect to the effect on our financial statements of those payments;
•		statements as to the possible consequences of proceedings brought against us and certain of our former directors and officers by the Australian Securities & Investments Commission;
•		expectations that our credit facilities will be extended or renewed;
•		projections of our operating results or financial condition;
•		statements regarding our plans, objectives or goals, including those relating to competition, acquisitions, dispositions and our products;
•		statements about our future performance; and
•		statements about product or environmental liabilities.

Words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should,” “aim” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements.

Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors, some of which are discussed under “Risk Factors” beginning on page 6 of our Form 20-F filed on 6 July 2007 with the Securities and Exchange Commission, include but are not limited to: all matters relating to or arising out of the prior manufacture of products that contained asbestos by current and former James Hardie subsidiaries; required contributions to the AICF and the effect of foreign exchange on the amount recorded in our financial statements as an asbestos provision; compliance with and changes in tax laws and treatments; competition and product pricing in the markets in which we operate; the consequences of product failures or defects; exposure to environmental, asbestos or other legal proceedings; general economic and market conditions; the supply and cost of raw materials; the success of our research and development efforts; our reliance on a small number of product distributors; compliance with and changes in environmental and health and safety laws; risks of conducting business internationally; compliance with and changes in laws and regulations; and foreign exchange risks; the successful implementation of new software systems; and the effect of natural disasters. We caution you that the foregoing list and factors is not exhaustive and that other risks and uncertainties may cause actual results to differ materially from those in forward-looking statements. Forward-looking statements speak only as of the date they are made.