Exhibit 99.1
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.
Name of entity
James Hardie Industries N.V.
ARBN
097 829 895 Incorporated in The Netherlands. The liability of members is limited.
We (the entity) give ASX the following information.
Part 1 — All issues
You must complete the relevant sections (attach sheets if there is not enough space).

1   +Class of +securities issued or to be issued

Restricted Stock Units, being contractual entitlements granted to Managing Board Directors under the 2006 JHINV Long Term Incentive Plan to be issued ordinary shares/CUFS upon satisfaction of certain conditions.


2   Number of +securities issued or to be issued (if known) or maximum number which may be issued

  201,324 Deferred Bonus Plan Relative TSR Restricted Stock Units; and
 
  822,541 Relative TSR Restricted Stock Units,
 
issued on 15 September 2008 (US time).


 
+   See chapter 19 for defined terms.
24/10/2005 Appendix 3B Page 1

 


 

3   Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

  201,324 Deferred Bonus Plan Restricted Stock Units which will vest in 2 years from the date of grant; and
 
  822,541 Relative TSR Restricted Stock Units which will vest between 3 and 5 years from the date of grant, depending on the company’s TSR performance relative to its peer group.
Upon vesting, the holder of a Restricted Stock Unit will be entitled to be issued one ordinary share/CUFS for each Restricted Stock Unit held. More detailed terms are set out in the Notice of Meeting for the 2008 AGM where the grant of Restricted Stock Units was approved.


4   Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
 
    If the additional securities do not rank equally, please state:
    the date from which they do
 
    the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
 
    the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Restricted Stock Units: Not applicable
 


5   Issue price or consideration

  No cash consideration was paid for the Relative TSR Restricted Stock Units; and
 
  US$823,533 for the Deferred Bonus Restricted Stock Units.


6   Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)

Granted as awards under the 2006 JHINV Long Term Incentive Plan and intended to promote the Company’s long term financial interests by encouraging Managing Board directors to acquire an ownership position in the Company, aligning their interests with those of the Company’s security holders and encouraging and rewarding their performance.


 


 

7   Dates of entering +securities into uncertificated holdings or despatch of certificates

Restricted Stock Units: Not Applicable


8   Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)
 
9   Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)

 Number
    +Class
       
 432,948,363
    Ordinary shares/ CUFS

       
 Number
    +Class
       
 19,420,623
    Options
 1,721,248
    Restricted Stock Units
       


10   Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Restricted Stock Units do not rank for dividends


Part 2 — Bonus issue or pro rata issue
         
11
  Is security holder approval required?  
Not applicable
 
       
12
  Is the issue renounceable or non-renounceable?  
Not applicable
 
       
13
  Ratio in which the +securities will be offered  
Not applicable
 
       
14
  +Class of +securities to which the offer relates  
Not applicable
 
       
15
  +Record date to determine entitlements  
Not applicable
 
       
16
  Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?  
Not applicable
 
+   See chapter 19 for defined terms.
 
24/10/2005 Appendix 3B Page 3

 


 

         
17
  Policy for deciding entitlements in relation to fractions     Not applicable

 
       
18
  Names of countries in which the entity has +security holders who will not be sent new issue documents

Note: Security holders must be told how their entitlements are to be dealt with.

Cross reference: rule 7.7.
    Not applicable

 
       
19
  Closing date for receipt of acceptances or renunciations     Not applicable

 
       
20
  Names of any underwriters     Not applicable

 
       
21
  Amount of any underwriting fee or commission     Not applicable

 
       
22
  Names of any brokers to the issue     Not applicable

 
       
23
  Fee or commission payable to the broker to the issue     Not applicable

 
       
24
  Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders     Not applicable

 
       
25
  If the issue is contingent on +security holders’ approval, the date of the meeting     Not applicable

 
       
26
  Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled     Not applicable

 
       
27
  If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders     Not applicable

 
       
28
  Date rights trading will begin (if applicable)     Not applicable

 


 

         
29
  Date rights trading will end (if applicable)     Not applicable

 
       
30
  How do +security holders sell their entitlements in full through a broker?     Not applicable

 
       
31
  How do +security holders sell part of their entitlements through a broker and accept for the balance?     Not applicable

 
       
32
  How do +security holders dispose of their entitlements (except by sale through a broker)?     Not applicable

 
       
33
  +Despatch date     Not applicable

Part 3 — Quotation of securities
You need only complete this section if you are applying for quotation of securities
         
34   Type of securities
    (tick one)
 
       
(a)
  o   Securities described in Part 1
 
       
(b)
  o   All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents
         
35
  o   If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
 
       
36
  o   If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories
 
 
      1 – 1,000
 
      1,001 – 5,000
 
      5,001 – 10,000
 
      10,001 – 100,000
 
      100,001 and over
 
+   See chapter 19 for defined terms.
 
24/10/2005 Appendix 3B Page 5

 


 

         
37
  o   A copy of any trust deed for the additional +securities
Entities that have ticked box 34(b)
         
38
  Number of securities for which +quotation is sought    
 
       
39
  Class of +securities for which quotation is sought    
 
       
40
  Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?  
 



 











 
 
     
 
  If the additional securities do not rank equally, please state:  
       
 
 
     the date from which they do
 
       
 
 
     the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
 
       
 
 
     the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
 
 
       
41
  Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)
   
             
          Number     +Class
42
  Number and +class of all +securities quoted on ASX (including the securities in clause 38)        

 


 

Quotation agreement
1   +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.
 
2   We warrant the following to ASX.
    The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
 
    There is no reason why those +securities should not be granted +quotation.
 
    An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
 
      Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
 
    Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
 
    If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
3   We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
 
4   We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
         
Sign here:
  /s/ Robert E Cox   Date: 17 September 2008     
 
 
 
(Director/Company secretary)
   
 
       
Print name:
  Robert E Cox    
== == == == ==
 
+   See chapter 19 for defined terms.
 
24/10/2005 Appendix 3B Page 7