Exhibit 99.2
     










1 April 2008



The Manager
Company Announcements Office
Australian Stock Exchange Limited
20 Bridge Street
SYDNEY NSW 2000
  (LETTERHEAD)
Dear Sir
Cancellation of shares
In relation to the on-market buy-back program announced on 15 August 2007, James Hardie Industries NV (JHINV) advises that:
  •   34,978,107 JHINV shares represented by CUFS that were bought back by JHINV between 18 September 2007 and 26 March 2008, were cancelled on 31 March 2008;
 
  •   the total amount paid by JHINV to buy back the CUFS representing the cancelled JHINV shares was $A231.93 million; and
 
  •   all of the securities bought by JHINV under the buy-back were CUFS (with each of the CUFS representing one share in the capital of JHINV).
As at 1 April 2008, the number of CUFS issued and quoted on the ASX is 432,923,363.
11,082,773 CUFS can still be bought under JHINV’s current buy-back program.
Yours faithfully
(-s- Russell Chenu)
Russell Chenu
Chief Financial Officer