COMPANY ANNOUNCEMENT

2 April 2012

James Hardie Acquires US Business Assets

James Hardie Industries SE (James Hardie or the company) announced today that it has acquired the assets of a US business engaged in the pultrusion of fibreglass profiles. In 2011 the business had sales revenue of approximately US$8 million. Under James Hardie's ownership, the business will trade under the name Razor Composites LLC.

The acquired assets will be part of a potential new business development platform in non-fibre cement building materials in the USA.

The company intends to provide further details on the acquisition with its results for the year ending 31 March 2012.

End

Media/Analyst Enquiries:

Sean O'Sullivan

Vice President, Investor and Media Relations

Telephone: +61 2 8274 5246

Email: media@jameshardie.com.au

James Hardie Industries SE, ARBN 097 829 895

Incorporated in Ireland, with registered office at Second Floor, Europa House, Harcourt Centre, Harcourt

Street, Dublin 2, Ireland and registered number 485719. The liability of its members is limited.

Disclaimer

This Company Statement contains forward-looking statements. James Hardie may from time to time make forward-looking statements in its periodic reports filed with or furnished to the SEC, on Forms 20-F and 6-K, in its annual reports to shareholders, in offering circulars, invitation memoranda and prospectuses, in media releases and other written materials and in oral statements made by the company's officers, directors or employees to analysts, institutional investors, existing and potential lenders, representatives of the media and others. Statements that are not historical facts are forward-looking statements and such forward-looking statements are statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.
Examples of forward-looking statements include: