COMPANY ANNOUNCEME T

17 April 2012

Change to General Management Team

James Hardie Industries SE (James Hardie or the Company) announced today that

Nigel Rigby,

Executive

General Manager of the Company's US business, James

Hardie Building Products Inc, will be leaving James Hardie effective 30 June 2012.

With effect from today, Louis Gries, the Company's CEO and Managing Director, will assume responsibility for managing the US business. Nigel will assist Louis and the US management team with a smooth transition of his responsibilities through the end of June 2012.

Mark Fisher,

Executive

General

Manager -

International, will continue to be

responsible for the Company's Asia-Pacific and European businesses, as well as research and development activities.

End

Media/Analyst Enquiries:

Sarah Swyer

Investor and Media Relations

Telephone: Email:

+61 2 8274 5239 media@jameshardie.com.au

James Hardie Industries SE, ARBN 097 829 895

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

Street, Dublin 2, Ireland and registered number 485719. The liability of its members i s 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: