James Hardie Industries N.V.

Louis Gries joined James Hardie as Manager of the Fontana fibre cement plant in California in February 1991 and was appointed President of James Hardie Building Products (Inc) in December 1993. Mr Gries became Executive Vice President Operations in January 2003, responsible for operations, sales and marketing in our pipes and fibre cement businesses in the Americas, Asia Pacific and Europe. He was appointed Interim CEO in October 2004 and was made CEO in February 2005. Mr Gries was elected to the company's Managing Board by CUFS holders at the 2005 AGM held in Amsterdam on 22 August 2005. Before he joined James Hardie, Mr Gries worked for 13 years for USG Corp, in a variety of roles in Research, Plant Quality and Production, Product and Plant Management. He has a Bachelor of Science in Mathematics from the University of Illinois, USA and an MBA from California State University in Long Beach, California USA. Re-election due: Appointed for an indefinite period

Russell Chenu joined James Hardie as Interim CFO in October 2004 and was appointed Chief Financial Officer in February 2005. He was elected to the company's Managing Board by CUFS holders at the 2005 AGM held in Amsterdam on 22 August 2005. Mr Chenu is an experienced corporate and finance executive who has held senior finance and management positions with a number of Australian publicly-listed companies. In a number of these senior roles, he has been engaged in significant strategic business planning and business change, including several turnarounds, new market expansions and management leadership initiatives. Mr Chenu has a Bachelor of Commerce from the University of Melbourne and an MBA from Macquarie Graduate School of Management, Australia. Re-election due: 2011 AGM

Peter Baker joined James Hardie in October 2004 as General Manager External Affairs, was made Executive Vice President Australia in September 2005 and promoted to Executive Vice President - Asia Pacific in February 2008. Mr Baker has been Chairman of the Asbestos Injuries Compensation Fund Limited (Trustee of AICF) since January 2006. He was involved in various aspects of the resolution of James Hardie’s asbestos compensation matters and in his current role oversees James Hardie’s operations in Australia, New Zealand and the Philippines. Mr Baker is an experienced corporate executive who has held a number of senior positions in Australian public and private companies, including the MIA Group, the Tenix Group and TNT Ltd. He has a Bachelor of Science with first class honours from the University of Leicester, UK; a Master of Science in Operational Research with distinction from the London School of Economics, UK; and an MBA from the University of Chicago, USA.

Brian Holte joined James Hardie as Vice President - General Manager Western Division in March 2007. Prior to joining James Hardie, Brian spent 17 years with Rockwell Automation, a global leader in power, control, and information solutions for the manufacturing and infrastructure business sectors. During his time at Rockwell Automation, Brian gained extensive experience in sales, industry marketing, business development, sales leadership and regional management. Brian holds a Bachelor of Science Degree in Industrial Technology from the University of Wisconsin,Stout, USA and an MBA from the University of Southern California, USA.

Grant Gustafson joined James Hardie as Vice President of Interiors and Business Development in April 2006. During fiscal year 2008, his role was expanded to cover Marketing, Europe and IT. Before joining James Hardie, Mr Gustafson held various consulting and consulting management positions with Bain & Company and Arthur D Little. In addition, Mr Gustafson held senior management positions in the commercial building products sector with American Buildings Company and Varco-Pruden. He has lived and worked in the US, Australia and Asia. Mr Gustafson has a Bachelor of Arts from the University of California at Santa Barbara, USA, and an MBA from the University of Chicago, USA.

Joel Rood joined James Hardie as Vice President - General Manager Southern Division in February 2007 and in February 2008 his role was expanded to cover HR. He has over 20 years of sales, marketing and general management experience, the last nine with Hilti Corporation as Sales Vice President in the US, General Manager of Australia, and finally as Managing Director of the United Kingdom and Ireland. Mr Rood is based in Dallas Texas. Prior to Hilti, Mr Rood worked with MTS Systems Corporation, where he developed their successful seismic business in Asia. Mr Rood has a Bachelor of Science in Civil Engineering from Princeton University, summa cum laude, and a Master of Science in Petroleum Engineering from the University of Texas in Austin. In addition, he attended Stanford University as a Sloan Fellow, earning a Master of Science in Management.

Mark Fisher joined James Hardie in 1993 as a Production Engineer. Since then, he has worked for the company as Finishing Manager, Production Manager and Product Manager at various locations; Sales and Marketing Manager; and as General Manager of our Europe Fibre Cement business. Mr Fisher was appointed Vice President - Specialty Products in November 2004, then Vice President Research & Development in December 2005. In February 2008, his role was expanded to cover Engineering & Process Development, Pipes and XLDTM Trim. Before joining James Hardie, Mr Fisher worked in engineering for Chevron Corporation. He has a Bachelor of Science in Mechanical Engineering and an MBA from the University of Southern California, USA.

Nigel Rigby joined James Hardie in 1998 as a Planning Manager for our New Zealand business. He has worked as Sales and Marketing Manager and Product Development Manager for the New Zealand business; Strategic Marketing Manager for our Australian business; and Business Development Manager and Vice President Exterior Sales - Emerging Markets. In November 2004, Mr Rigby was appointed Vice President - Emerging Markets, and in 2006 he was named Vice President - General Manager Northern Division. In November 2008, he became Vice President - General Manager of the newly-formed Eastern Division, which incorporates the former Northern and Southern Division markets and plants. Before joining James Hardie, Mr Rigby held various management positions at Fletcher Challenge, a New Zealand-based company involved in energy, pulp and paper, forestry and building materials.

Sean O’Sullivan joined James Hardie as Vice President, Investor and Media Relations in December 2008. For the eight years prior to joining James Hardie, Sean was Head of Investor Relations at St George Bank, where he established and led the Investor Relations function. Sean’s background includes thirteen years as a fund manager for GIO Asset Management with responsibility for domestic and global investments. During this period, he spent a period of time on secondment with Mckineys and Co, completing a major study into the Australian financial services industry. Sean’s final position at GIO was General Manager of Diversified Investments where his responsibilities included determining the asset allocation for over A$10bn in funds under management. After leaving the GIO, Sean worked for Westpac in funds management sales. Sean has a Bachelors of Arts majoring in Economics from Sydney University and a Masters of Business Administration from Macquarie Graduate School of Management.

Robert Cox commenced as James Hardie's General Counsel in January 2008. He joined the company’s Managing Board as an Executive Director and as Company Secretary effective 7 May 2008. Before joining James Hardie, Mr Cox was Vice President, Deputy General Counsel and Assistant Secretary with PepsiCo Inc. During his five years with PepsiCo, Mr Cox was responsible for corporate governance and Sarbanes-Oxley/New York Stock Exchange compliance, and managed the corporate law group and the office of Corporate Secretary for the Board of Directors. His experience also includes 10 years as a partner of the international law firm Bingham McCutchen LLP, at offices in Asia and California, where he led the business and transactions practice group in corporate governance, corporate securities, mergers and acquisitions, financial services, real estate, tax and strategic technology transactions. Mr Cox has a Juris Doctorate from the University of California, Berkeley, California; and a Master of Arts from the John Hopkins School of Advanced International Studies in Washington, DC, specialising in International Economics, European Studies, and American Foreign Policy. Re-election due: 2011 AGM

Brian P. Anderson , age 58, is the former Executive Vice President of Finance and Chief Financial Officer of OfficeMax Incorporated, a distributor of business-to-business and retail office products. Prior to assuming this position in 2004, Mr. Anderson was Senior Vice President and Chief Financial Officer of Baxter International Inc., a position he assumed in 1998. He is also a director of A. M. Castle & Co., James Hardie Industries NV, and Pulte Homes, Inc., and serves on the audit committees of each of those companies. Mr. Anderson, an independent director, was first elected a director of Grainger in 1999 and is Chairman of the Audit Committee, an "audit committee financial expert," and a member of the Board Affairs and Nominating Committee. The Board has determined that Mr. Anderson's simultaneous service on the audit committees of more than three public companies will not impair his ability to serve effectively on Grainger's Audit Committee.

Mr. Harrison has been a Director of the Company since August 2003. He has served as Executive Vice President and Chief Financial Officer of Pentair, Inc., a diversified manufacturer in water technologies and enclosures businesses since February 2000 until his retirement in February 2007. From September 1999 through February 2000, Mr. Harrison was Executive Vice President and Chief Financial Officer of the Scotts Company, a lawn and garden products company. He was Executive Vice President and Chief Financial Officer and a Director of Coltec Industries, a company in the industrial and aerospace arena from 1996 to 1999. He also served as Executive Vice President and Chief Financial Officer of Pentair, Inc. from 1994 to 1996.

James Osborne was appointed as an independent Non-Executive Director of James Hardie in March 2009. He is a member of the Joint and Supervisory Boards and a member of the Audit Committee. Experience: Mr Osborne is an experienced company director with a strong legal background and a considerable knowledge of international business operating in North America and Europe. His career includes 35 years with the leading Irish law firm, A&L Goodbody, in roles which included opening the firm’s New York office in 1979, and serving as the firm’s managing partner for 12 years. He has served as a consultant to the firm since 1994. Mr Osborne also contributed to the listing of Ryanair in London, New York and Dublin and continues to serve on its board. Directorships of listed companies in the past three or more years: Current - Chairman, Newcourt Group plc (2004-present); Director and Chairman of Remuneration Committee, Ryanair Holdings plc (1996 – present); Former – Director Bank of Ireland (1986-1991), Golden Vale plc (1993-1998), Carrolls Holdings plc (1986-2005) and Adare plc (1994-1998). Other: Mr Osborne is a Director of numerous private companies, including Centric Health (2006 – present). He is a resident of the Republic of Ireland. Re-election due: 2009 AGM

Michael Hammes was appointed as an independent Non-Executive Director of James Hardie at the Extraordinary General Meeting held in Amsterdam in February 2007. He was appointed Chairman of the Joint and Supervisory Boards in January 2008. Experience: Mr Hammes has extensive commercial experience at the senior executive level. He has held a number of executive positions in the medical products, hardware and home improvement, and automobile sectors, including CEO and Chairman of Sunrise Medical, Inc (2000-2007), Chairman and CEO of Guide Corporation (1998-2000), Chairman and CEO of Coleman Company, Inc (1993-1997), Vice Chairman of Black & Decker Corporation (1992-1993) and various senior executive roles with Chrysler Corporation (1986-1990) and Ford Motor Company (1979-1986). Directorships of listed companies in the past three or more years: Current - Director of Sunrise Medical (since 1998); Director of Navistar International Corporation (since 1996), Chairman of the Navistar Nominating and Governance Committee, and a Member of the Navistar Compensation, Finance and Executive Committees. Other: Previous Member of the Board of Directors of Johns Manville Corporation; Member of the Board of Visitors, Georgetown University’s School of Business; resident of the United States. Re-election due: 2009 AGM