BRAMBLES LIMITED(BXB)

we understand that on or about this date the company made a capital return of 12 cents per share

we understand that on or about this date the company demerged Recall Holdings Limited by way of a 1 for 5 distribution - the Demerged Entity represented 9.09% of the market value of the group as a whole immediately after the demerger

we understand the board decided to streamline the Brambles Group and unify its dual-listed companies structure by creating a new, single holding company - to achieve that strategy the company sold Cleanaway Germany, Brambles Industrial Services in the Northern Hemisphere, Cleanaway Australia, Industrial Services Australia, Cleanaway UK and the remaining regional businesses for a total of just over US$3.6 billion - the unification was effected by way of schemes of arrangement between Brambles Industries Limited ("BIL") and its shareholders under Australian law and between Brambles Industries plc ("BIP") and its shareholders under English law - all BIL and BIP shareholders (other than Ineligible Overseas Shareholders) received one Brambles Limited (BXB - the new holding company of the Group) Share for each BIL Share or BIP Share that they held, unless they successfully tendered their Shares into the Cash Alternative - Brambles Limited made a maximum of US$2.2 billion available in the Cash Alternative and shareholders who participated were to receive 520 pence or A$12.8475 per share

for capital gains tax purposes, scrip-for-scrip rollover is available where shares in BIL were exchanged for shares in Brambles - rollover relief is not available for the BIL shares exchanged for cash - if you choose roll-over you make no capital gain or loss on the disposal of your shares in BIL - if roll-over does not apply you work out your capital gain or loss by comparing the total cost base of your BIL shares with the total value (as at the disposal date) of the cash and/or shares that you received - the acquisition cost of new Brambles Limited shares depends on if you choose roll-over (the acquisition cost of your new shares equals the cost base of your BIL shares on the disposal date) or if roll-over does not apply (the acquisition cost of your new Brambles shares equals the value of the BIL shares that you exchanged for them on the disposal date)