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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>As filed with the Securities and Exchange Commission on September&nbsp;11, 2008</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Registration No.&nbsp;333-</B>
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT<BR>
UNDER THE SECURITIES ACT OF 1933</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>JAMES HARDIE INDUSTRIES N.V.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>The Netherlands</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Not Applicable</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of incorporation or <BR>
organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer<BR>
Identification Number)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Atrium, 8<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor<BR>
Strawinskylaan 3077<BR>
1077 ZX Amsterdam, The Netherlands</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 50%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 10pt">(Address of Principal Executive Offices<B>)</B></DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>James Hardie Industries NV Managing Board Transitional<BR>
Stock Option Plan 2005<BR>
James Hardie Industries NV Supervisory Board Share Plan 2006<BR>
James Hardie Industries NV Long Term Incentive Plan 2006</B><BR>
(Full title of the Plans)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Russell Chenu<BR>
Chief Financial Officer<BR>
JAMES HARDIE INDUSTRIES N.V.<BR>
Atrium, 8<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor<BR>
Strawinskylaan 3077<BR>
1077 ZX Amsterdam, The Netherlands</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 50%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 10pt">(Name and address of agent for service)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>31 20 301 2980</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 50%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 10pt">Telephone number, including area code, of agent for service</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Copy to:<BR>
Barbara J. Oikle, Esq.<BR>
Greenberg Traurig, P.A.<BR>
1221 Brickell Avenue<BR>
Miami, Florida 33131<BR>
(305)&nbsp;579-0500</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated
filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the Exchange Act.
(Check one):
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Large accelerated filer <FONT face="Wingdings">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accelerated filer <FONT style="font-family: Wingdings">&#111;</FONT><FONT style="font-family: Wingdings">&#032;</FONT>Non-accelerated filer <FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Smaller reporting company <FONT face="Wingdings">&#111;</FONT><BR>
(Do not check if a smaller reporting company)
</DIV>



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="54%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center" colspan="22" style="border-bottom: 1px solid #000000"><B>CALCULATION OF REGISTRATION FEE</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="left"><B>Title of shares</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>offering price per</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed maximum aggregate</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="left"><B>to be registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><SUP style="font-size: 85%; vertical-align: text-top">(1)(2)</SUP></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>share/obligation</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>offering price</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of registration fee</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par
value EUR 0.59 per
share</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="center" style="border-top: 2px solid #000000">3,235,295&nbsp;shares</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">4.09</TD>
    <TD nowrap style="border-top: 2px solid #000000"><SUP style="font-size: 85%; vertical-align: text-top">(3)</SUP></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">13,232,356.55</TD>
    <TD nowrap style="border-top: 2px solid #000000"><SUP style="font-size: 85%; vertical-align: text-top">(3)</SUP></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">520.03</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par
value EUR 0.59 per
share, to be issued
pursuant to
previously granted
options if
exercised in the
future</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="center" style="border-top: 2px solid #000000">1,320,000&nbsp;shares</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">7.08</TD>
    <TD nowrap style="border-top: 2px solid #000000"><SUP style="font-size: 85%; vertical-align: text-top">(4)</SUP></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">9,345,600</TD>
    <TD nowrap style="border-top: 2px solid #000000"> <SUP style="font-size: 85%; vertical-align: text-top">(4)</SUP></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">367.28</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par
value EUR 0.59 per
share, to be issued
pursuant to
previously granted
options if
exercised in the
future</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="center" style="border-top: 2px solid #000000">2,147,000&nbsp;shares</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">6.75</TD>
    <TD nowrap style="border-top: 2px solid #000000"><SUP style="font-size: 85%; vertical-align: text-top">(5)</SUP></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">14,492,250</TD>
    <TD nowrap style="border-top: 2px solid #000000"><SUP style="font-size: 85%; vertical-align: text-top">(5)</SUP></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">$</TD>
    <TD align="right" style="border-top: 2px solid #000000">569.55</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;Represents 1,055,935 shares of the Registrant&#146;s Common Stock, par value EUR 0.59 per share
(the &#147;Common Stock&#148;) available for future issuance in accordance with the James Hardie Industries
N.V. Supervisory Board Share Plan 2006 (the &#147;SBSP Plan&#148;), 3,235,295 shares of Common Stock
available for future issuance in accordance with the James Hardie Industries NV Long Term Incentive
Plan 2006 (the &#147;LTIP Plan&#148;), 1,320,000 shares of Common Stock to be issued pursuant to previously
issued options under the James Hardie Industries N.V. Managing Board Transitional Stock Option
Plan 2005 (the &#147;MBTSOP Plan&#148; and collectively with, the SBSP Plan and the LTIP Plan, the &#147;Plans&#148;)
if exercised in the future, and 2,147,000 shares of Common Stock to be issued pursuant to
previously issued options under the LTIP Plan if exercised in the future; and, pursuant to Rule
416(a) under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), such indeterminate
number of additional shares of Common Stock as may be issued to prevent dilution resulting from
stock splits, stock dividends or similar transactions. CHESS Units of Foreign Securities (&#147;CUFs&#148;)
issuable upon deposit of one (1)&nbsp;share of Common Stock and American Depositary Shares evidenced by
American Depositary Receipts (&#147;ADRs&#148;) issuable upon deposit of five (5)&nbsp;CUFs have been registered
under a separate registration statement on Form F-6 (File No.&nbsp;333-13914).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;Pursuant to Rule 416(c) under the Securities Act of 1933, as amended, this registration
statement also covers an indeterminate amount of interests to be offered or sold pursuant to the
Plans, as described herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;Estimated solely for the purpose of determining the amount of the registration fee
pursuant to Rule 457(c) and (h)&nbsp;under the Securities Act based on one-fifth of the average of the
high and low reported prices of the Registrant&#146;s ADRs on the New York Stock Exchange on September
4, 2008. Each ADR is equal to five (5)&nbsp;shares of Common Stock and the average of the high and low
reported price for one ADR was $40.87 on September&nbsp;4, 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;Estimated solely for the purpose of calculating the registration fee in accordance with
Rule 457(h) of the Securities Act on the basis of the weighted average exercise price of A$8.53 per
share for each option outstanding under the MBTSOP Plan which converts into $7.08 at the September
4, 2008 exchange rate of A$1.20511 to $1.0000.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;Estimated solely for the purpose of calculating the registration fee in accordance with
Rule 457(h) of the Securities Act on the basis of the weighted average exercise price of A$8.13039
per share for each option outstanding under the LTIP Plan which converts into $6.75 at the
September&nbsp;4, 2008 exchange rate of A$1.20511 to $1.0000.
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">






<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
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</TR>
<TR><TD colspan="9"><A HREF="#000">PART I.<BR> INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;3. Incorporation of Documents by Reference.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;4. Description of Securities.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;5. Interests of Named Experts and Counsel.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;6. Indemnification of Directors and Officers.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;7. Exemption from Registration Claimed.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;8. Exhibits</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;9. Undertakings</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="a43665exv4w4.htm">Exhibit 4.4</A></TD></TR>
<TR><TD colspan="9"><A HREF="a43665exv5w1.htm">Exhibit 5.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a43665exv23w1.htm">Exhibit 23.1</A></TD></TR>
</TABLE>
</CENTER>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>






<!-- link1 "PART I.<BR> INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I.<BR>
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information specified by Items 1 and 2 of Part&nbsp;I of Form S-8 is omitted from this filing
in accordance with the provisions of Rule&nbsp;428 of the Securities Act of 1933, as amended (the
&#147;Securities Act&#148;), and the introductory Note to Part&nbsp;I of Form S-8.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The documents containing the information specified in Part&nbsp;I of Form S-8 will be sent or given
to participating employees as specified by Rule 428(b) of the Securities Act. Such documents and
the documents incorporated by reference herein pursuant to Item&nbsp;3 of Part&nbsp;II hereof, taken
together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities
Act.
</DIV>
<!-- link1 "PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>

<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference." -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby incorporate by reference into this Registration Statement the following documents
previously filed with the Securities and Exchange Commission (the &#147;Commission&#148;):
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Annual Report on Form 20-F for the fiscal year ended March&nbsp;31, 2008, filed
with the Commission on July&nbsp;8, 2008;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our Reports on Form 6-K furnished to the Commission on September&nbsp;8, 2008 (not
including Exhibits 99.1 and 99.2, which information is not incorporated by reference
herein), August&nbsp;26, 2008 (not including Exhibit&nbsp;99.2, which information is not
incorporated by reference herein), August&nbsp;22, 2008 (not including Exhibits 99.1, 99.2,
99.5, 99.6, 99.7, 99.8, which information is not incorporated by reference herein),
August&nbsp;13, 2008 (not including Exhibit&nbsp;99.2, which information is not incorporated by
reference herein), August&nbsp;6, 2008, July&nbsp;25, 2008 (not including Exhibit&nbsp;99.2, which
information is not incorporated by reference herein), July&nbsp;3, 2008, June&nbsp;23, 2008
(containing Exhibit&nbsp;99.1 entitled &#147;JHX receives Notice of Proposed Adjustment&#148;), June
18, 2008, June&nbsp;6, 2008 (not including Exhibit&nbsp;99.1, which information is not
incorporated by reference herein), May&nbsp;23, 2008 (not including Exhibit&nbsp;99.2, which
information is not incorporated by reference herein), and May&nbsp;9, 2008, and Exhibits
99.1 entitled &#147;Change of Auditor&#148; and 99.2 entitled &#147;Cancellation of Shares&#148; furnished
to the Commission on Forms 6-K on April&nbsp;2, 2008;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all other reports filed by us pursuant to Section 13(a) or 15(d) of the
Exchange Act since the fiscal year ended March&nbsp;31, 2008; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of our common stock contained in our Registration Statement on
Form 20-F/A (File No.&nbsp;001-15240), together with any amendment or report filed for the
purposes of updating that description.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, all documents and reports subsequently filed and, to the extent indicated
therein, furnished by the Registrant with the Commission pursuant to Sections&nbsp;13(a), 13(c), 14, or
15(d) of the Exchange Act, after the date hereof and prior to the filing of a post-effective
amendment to this Registration Statement which indicates that all securities offered hereunder have
been sold or which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference into this Registration Statement and to be a part hereof from the date of
filing of such documents. Any statement contained in a document incorporated or deemed to be
incorporated by reference in this Registration Statement shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement contained in
this Registration Statement, or in any subsequently filed document which also is or is deemed to be
incorporated by reference in this Registration Statement, modifies or supersedes such statement.
Any such statement so modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement.
</DIV>
<!-- link2 "Item&nbsp;4. Description of Securities." -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel." -->
<DIV align="left"><A NAME="004"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers." -->
<DIV align="left"><A NAME="005"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our Articles of Association provide in article 28 that we shall generally indemnify any person who
is or was a member of our managing, supervisory or joint boards or one of our employees, officers
or agents, or who at our request has become a director, officer or attorney of another entity or a
trust, and suffers any loss as a result of any action in connection with their service to us,
provided they acted in good faith in carrying out their duties and in a manner they reasonably
believed to be in our interest. This indemnification generally will not be available if the person
seeking indemnification acted with gross negligence or willful misconduct in the performance of
such person&#146;s duties to us. A court in which an action is brought may, however, determine that
indemnification is appropriate nevertheless.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, our Articles of Association provide that shareholders may approve a resolution at our
general meeting of shareholders to fully discharge the members of our managing board, supervisory
board and joint board from liability towards us in respect of the exercise of their duties during
the financial year covered by the annual accounts subject to certain exceptions under Dutch law,
including exceptions relating to the liability of members of our managing board, supervisory board
and joint board upon bankruptcy or insolvency of a company. Under Dutch law, this discharge is not
absolute and would not be effective as to any matters not disclosed in or apparent from our annual
accounts or not otherwise disclosed to our shareholders as a group, and is subject to general
reasonableness and fairness. Our shareholders have not approved such a resolution at this time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have provided Deeds of Access, Insurance and Indemnity governed by Dutch law (each an &#147;<B>Indemnity
Deed</B>&#148;) to members of our managing board and supervisory boards and our subsidiary, James Hardie
Building Products Inc. (&#147;<B>JHBP</B>&#148;) has provided Indemnity Agreements governed by Nevada law (each an
&#147;<B>Indemnity Agreement</B>&#148;) to persons who are members of our managing board and supervisory boards
and/or officers or directors of JHBP. These Indemnity Deeds and Indemnity Agreements are consistent with our
Articles of Association and relevant laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The terms of the Indemnity Deeds require us to unconditionally and irrevocably indemnify a director
in relation to the director serving or having served as a director of James Hardie Industries N.V.
(&#147;<B>JHINV</B>&#148;) or one of its subsidiaries or another entity at the request of JHINV or one its
subsidiaries to the extent permitted by Dutch law from and against all claims, liabilities
(including liability for negligence), civil penalties being pecuniary penalties imposed by
legislation, legal costs actually and reasonably incurred (not limited to taxed costs), net wage or
withholding taxes, social security premiums or other Dutch or foreign taxes as a result of
indemnification, as well as reasonable legal costs actually incurred in good faith by the director
in obtaining legal advice regarding issues arising from the Indemnity Deed or making a claim or in
relation to being a witness to any type of proceedings, mediation or other form of dispute
resolution. This indemnity is limited to the extent that it is not available to a director where a
Dutch court has established in a final, non-appealable decision that the director acted with
willful misconduct, intentional recklessness, was seriously imputable or did not act in good faith.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Indemnity Deeds require us, upon a request by a director, to make payment of amounts payable
within 30&nbsp;days under the Indemnity Deeds at the request of the director and the director undertakes
to repay the amounts paid to them if it is ultimately determined that he or she is not entitled to
indemnification for such amounts or if an such amounts exceed what we are permitted to pay under
the Indemnity Deed or if he or she receives payment under an insurance contract in respect of those
liabilities. To the extent that a director also receives payment under an indemnity from a JHINV
subsidiary, the director is not entitled to claim under the Dutch law Indemnity Deed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the Indemnity Deeds a director has the right to access the company books of JHINV and its
subsidiaries in relation to any act or omission in relation to the director acting in that capacity
for JHINV, its subsidiaries or another entity at the request of JHINV or its subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Indemnity Agreements provide that JHBP holds harmless
and indemnifies a director or officer to the fullest
extent allowed by Nevada law against any expenses, liabilities and losses (including, without
limitation, investigation expenses, expert witnesses&#146; and attorneys&#146; fees and expenses, judgments,
penalties, fines, amounts paid or to be paid in settlement, any interest, assessments, or other
charges imposed thereon and any federal, state, local or foreign taxes imposed as a result of
actual or deemed receipt of any payment) actually and reasonably
incurred by the director or officer (net of
any insurance proceeds or other amounts received by the indemnitee as compensation for such
expenses, liabilities or losses) in connection with any actual or threatened action, suit or
proceeding, whether civil,
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">criminal,
administrative or investigative or in arbitration, to which the director or officer is a party or
participant or is threatened to be made a party or participant (a)&nbsp;based upon, arising from,
relating to or by reason of the fact that the director or officer was
or is a director, officer and/or employee of JHINV or of JHBP, or
is or was serving at the request of JHINV or JHBP, as a director,
officer, partner, member, manager, trustee,
fiduciary, employee or agent of another corporation or entity, or (b)&nbsp;arising from or relating to
any action or omission taken by the director or officer in any of the capacities described above. However,
the director or officer will only be indemnified in connection with a proceeding initiated by him or her
(other than a proceeding to enforce his or her rights under the indemnity agreement) if the
proceeding was authorized by a two-thirds vote of the board of directors of the entity providing
the indemnification.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">By the terms of the Indemnity Agreements, its benefits are not available if there is a judgment or
other final adjudication, after all appeals and all time for appeals has expired, which is adverse
to the director or officer and which establishes (a)&nbsp;that in respect of remuneration paid to the director or officer,
that such remuneration was in violation of law or (b)&nbsp;that the
director&#146;s or officer&#146;s conduct was knowingly
fraudulent or deliberately dishonest or constituted willful misconduct, or (c)&nbsp;that such an
indemnification is not lawful and both JHBP and the director or officer have been advised that the
Securities and Exchange Commission believes that the indemnification for liabilities arising under
the federal securities laws is against public policy and is, therefore, unenforceable and claims
for indemnification should be submitted to the appropriate court for adjudication. In addition,
the benefits are not available for any claim made against the director or officer for an accounting of profits
made from the purchase or sale by the director or officer of our securities within the meaning of
Section 16(b) of the Securities Exchange Act of 1934 or analogous provisions of any applicable law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Indemnity Agreements require JHBP upon request by the director or officer to make payment within 30&nbsp;days
of amounts payable under the Indemnity Agreements at the request of the director or officer in
advance of indemnification, provided that the director or officer undertakes to repay the amounts
if it is ultimately determined that he or she is not entitled to indemnification for such amounts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As required by the terms of the Indemnity Deeds and the Indemnity Agreements, we and JHBP maintain
director and officers insurance policies under which such persons would be insured against
liabilities resulting from their service to us.
</DIV>

<!-- link2 "Item&nbsp;7. Exemption from Registration Claimed." -->
<DIV align="left"><A NAME="006"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<!-- link2 "Item&nbsp;8. Exhibits" -->
<DIV align="left"><A NAME="007"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See &#147;Exhibit&nbsp;Index&#148; on page II-1 below.
</DIV>
<!-- link2 "Item&nbsp;9. Undertakings" -->
<DIV align="left"><A NAME="008"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The undersigned registrant hereby undertakes:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act of 1933 (the
&#147;Act&#148;);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that which was registered) and
any deviation from the low or high end of the estimated maximum offering range may be reflected in
the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20&nbsp;percent change in the maximum aggregate
offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective
registration statement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such information in
the registration statement;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section&nbsp;13 or 15(d)
of the Exchange Act that are incorporated by reference in this registration statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the Act, each such post-effective
amendment shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona
fide </I>offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Act, each filing of the registrant&#146;s annual report pursuant to Section 13(a) or
Section 15(d) of the Exchange Act that is incorporated by reference in the registration statement
shall be deemed to be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial <I>bona fide </I>offering
thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar as indemnification for liabilities arising under the Act may be permitted to
directors, officers and controlling persons of the registrant pursuant to the foregoing provisions,
or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered,
the registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act and will be governed by the
final adjudication of such issue.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="009"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Act, the Registrant certifies that it has reasonable
grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused
this registration statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in Amsterdam, The Netherlands on this 10<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day of September&nbsp;2008.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>JAMES HARDIE INDUSTRIES N.V.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Russell Chenu
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Russell Chenu&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each person whose signature appears below hereby appoints each of Russell Chenu and Robert Cox<BR>
his true and lawful attorney-in-fact with each of Messrs.&nbsp;Chenu and Cox having the authority,
acting singly, to execute in the name of each such person, and to file with the Securities and
Exchange Commission, together with any exhibits thereto and other documents therewith, any and all
amendments (including without limitation post-effective amendments) to this registration statement
necessary or advisable to enable the registrant to comply with the Securities Act of 1933, as
amended, and any rules, regulations and requirements of the Securities and Exchange Commission in
respect thereof, which amendments may make such other changes in the registration statement as the
aforesaid attorney-in-fact executing the same deems appropriate. Pursuant to the requirements of
the Act, this registration statement has been signed below by the following persons in the
capacities and on the dates indicated.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Louis Gries
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Louis Gries
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chief Executive Officer, Member of the Joint
Board and Chairman of the Managing Board
(Principal Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">September&nbsp;10, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Russell Chenu
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Russell Chenu
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chief Financial Officer and Member of the
Managing Board
(Principal Financial Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">September&nbsp;10, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Robert Cox
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Robert Cox
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Member of the Managing Board&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">September&nbsp;10, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Jason Miele
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Jason Miele
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Financial Controller<BR>
(Principal Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">September&nbsp;10, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Michael Hammes
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Michael Hammes
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chairman of the Joint Board and Supervisory Board&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">September&nbsp;10, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Donald McGauchie
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Donald McGauchie
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Deputy Chairman of the Joint Board and
Supervisory Board
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">September&nbsp;10, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Brian Anderson
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Brian Anderson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Member of the Joint Board and Supervisory Board&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">September&nbsp;10, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ David Andrews
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
David Andrews
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Member of the Joint Board and Supervisory Board&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">September&nbsp;10, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ David Harrison
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
David Harrison
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Member of the Joint Board and Supervisory Board&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">September&nbsp;10, 2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Rudy van der Meer
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Rudy van der Meer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Member of the Joint Board and Supervisory Board&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">September&nbsp;10, 2008</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Catherine Walter
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Catherine Walter
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Member of the Joint Board and Supervisory Board&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">September&nbsp;10, 2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="010"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Articles of Association of James Hardie Industries N.V., as most recently amended
on August&nbsp;20, 2007 (English Translation) (incorporated by reference to Exhibit&nbsp;1.1
to our Annual Report on Form&nbsp;20-F filed on July&nbsp;8, 2008, and incorporated herein
by reference)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">James Hardie Industries NV 2005 Managing Board Transitional Stock Option Plan
(incorporated by reference to Exhibit&nbsp;4.6 to our Annual Report on Form&nbsp;20-F filed
on September&nbsp;29, 2006, and incorporated herein by reference)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">James Hardie Industries NV Supervisory Board Share Plan 2006 (incorporated by
reference to Exhibit&nbsp;4.4 to our Annual Report on Form&nbsp;20-F filed on September&nbsp;29,
2006, and incorporated herein by reference)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated James Hardie Industries NV Long Term Incentive Plan 2006.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Loyens &#038; Loeff</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Loyens &#038; Loeff (contained in its opinion filed as Exhibit&nbsp;5.1 hereto)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (contained on the signature pages of this Registration Statement)</TD>
</TR>
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</HTML>
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sv8
Table of Contents
As filed with the Securities and Exchange Commission on September 11, 2008
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
JAMES HARDIE INDUSTRIES N.V.
(Exact name of registrant as specified in its charter)
The Netherlands
Not Applicable
(State or other jurisdiction of incorporation or
organization)
(IRS Employer
Identification Number)
Atrium, 8
th
Floor
Strawinskylaan 3077
1077 ZX Amsterdam, The Netherlands
(Address of Principal Executive Offices
)
James Hardie Industries NV Managing Board Transitional
Stock Option Plan 2005
James Hardie Industries NV Supervisory Board Share Plan 2006
James Hardie Industries NV Long Term Incentive Plan 2006
(Full title of the Plans)
Russell Chenu
Chief Financial Officer
JAMES HARDIE INDUSTRIES N.V.
Atrium, 8
th
Floor
Strawinskylaan 3077
1077 ZX Amsterdam, The Netherlands
(Name and address of agent for service)
31 20 301 2980
Telephone number, including area code, of agent for service
Copy to:
Barbara J. Oikle, Esq.
Greenberg Traurig, P.A.
1221 Brickell Avenue
Miami, Florida 33131
(305) 579-0500
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
(Check one):
Large accelerated filer
x
Accelerated filer
o
Non-accelerated filer
o
Smaller reporting company
o
(Do not check if a smaller reporting company)
CALCULATION OF REGISTRATION FEE
Amount to be
Proposed maximum
Title of shares
registered
offering price per
Proposed maximum aggregate
to be registered
(1)(2)
share/obligation
offering price
Amount of registration fee
Common Stock, par
value EUR 0.59 per
share
3,235,295 shares
$
4.09
(3)
$
13,232,356.55
(3)
$
520.03
Common Stock, par
value EUR 0.59 per
share, to be issued
pursuant to
previously granted
options if
exercised in the
future
1,320,000 shares
$
7.08
(4)
$
9,345,600
(4)
$
367.28
Common Stock, par
value EUR 0.59 per
share, to be issued
pursuant to
previously granted
options if
exercised in the
future
2,147,000 shares
$
6.75
(5)
$
14,492,250
(5)
$
569.55
(1) Represents 1,055,935 shares of the Registrant's Common Stock, par value EUR 0.59 per share
(the "Common Stock") available for future issuance in accordance with the James Hardie Industries
N.V. Supervisory Board Share Plan 2006 (the "SBSP Plan"), 3,235,295 shares of Common Stock
available for future issuance in accordance with the James Hardie Industries NV Long Term Incentive
Plan 2006 (the "LTIP Plan"), 1,320,000 shares of Common Stock to be issued pursuant to previously
issued options under the James Hardie Industries N.V. Managing Board Transitional Stock Option
Plan 2005 (the "MBTSOP Plan" and collectively with, the SBSP Plan and the LTIP Plan, the "Plans")
if exercised in the future, and 2,147,000 shares of Common Stock to be issued pursuant to
previously issued options under the LTIP Plan if exercised in the future; and, pursuant to Rule
416(a) under the Securities Act of 1933, as amended (the "Securities Act"), such indeterminate
number of additional shares of Common Stock as may be issued to prevent dilution resulting from
stock splits, stock dividends or similar transactions. CHESS Units of Foreign Securities ("CUFs")
issuable upon deposit of one (1) share of Common Stock and American Depositary Shares evidenced by
American Depositary Receipts ("ADRs") issuable upon deposit of five (5) CUFs have been registered
under a separate registration statement on Form F-6 (File No. 333-13914).
(2) Pursuant to Rule 416(c) under the Securities Act of 1933, as amended, this registration
statement also covers an indeterminate amount of interests to be offered or sold pursuant to the
Plans, as described herein.
(3) Estimated solely for the purpose of determining the amount of the registration fee
pursuant to Rule 457(c) and (h) under the Securities Act based on one-fifth of the average of the
high and low reported prices of the Registrant's ADRs on the New York Stock Exchange on September
4, 2008. Each ADR is equal to five (5) shares of Common Stock and the average of the high and low
reported price for one ADR was $40.87 on September 4, 2008.
(4) Estimated solely for the purpose of calculating the registration fee in accordance with
Rule 457(h) of the Securities Act on the basis of the weighted average exercise price of A$8.53 per
share for each option outstanding under the MBTSOP Plan which converts into $7.08 at the September
4, 2008 exchange rate of A$1.20511 to $1.0000.
(5) Estimated solely for the purpose of calculating the registration fee in accordance with
Rule 457(h) of the Securities Act on the basis of the weighted average exercise price of A$8.13039
per share for each option outstanding under the LTIP Plan which converts into $6.75 at the
September 4, 2008 exchange rate of A$1.20511 to $1.0000.
TABLE OF CONTENTS
PART I.
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
Item 4. Description of Securities.
Item 5. Interests of Named Experts and Counsel.
Item 6. Indemnification of Directors and Officers.
Item 7. Exemption from Registration Claimed.
Item 8. Exhibits
Item 9. Undertakings
SIGNATURES
EXHIBIT INDEX
Exhibit 4.4
Exhibit 5.1
Exhibit 23.1
Table of Contents
PART I.
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The information specified by Items 1 and 2 of Part I of Form S-8 is omitted from this filing
in accordance with the provisions of Rule 428 of the Securities Act of 1933, as amended (the
"Securities Act"), and the introductory Note to Part I of Form S-8.
The documents containing the information specified in Part I of Form S-8 will be sent or given
to participating employees as specified by Rule 428(b) of the Securities Act. Such documents and
the documents incorporated by reference herein pursuant to Item 3 of Part II hereof, taken
together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities
Act.
PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
We hereby incorporate by reference into this Registration Statement the following documents
previously filed with the Securities and Exchange Commission (the "Commission"):
(a)
our Annual Report on Form 20-F for the fiscal year ended March 31, 2008, filed
with the Commission on July 8, 2008;
(b)
our Reports on Form 6-K furnished to the Commission on September 8, 2008 (not
including Exhibits 99.1 and 99.2, which information is not incorporated by reference
herein), August 26, 2008 (not including Exhibit 99.2, which information is not
incorporated by reference herein), August 22, 2008 (not including Exhibits 99.1, 99.2,
99.5, 99.6, 99.7, 99.8, which information is not incorporated by reference herein),
August 13, 2008 (not including Exhibit 99.2, which information is not incorporated by
reference herein), August 6, 2008, July 25, 2008 (not including Exhibit 99.2, which
information is not incorporated by reference herein), July 3, 2008, June 23, 2008
(containing Exhibit 99.1 entitled "JHX receives Notice of Proposed Adjustment"), June
18, 2008, June 6, 2008 (not including Exhibit 99.1, which information is not
incorporated by reference herein), May 23, 2008 (not including Exhibit 99.2, which
information is not incorporated by reference herein), and May 9, 2008, and Exhibits
99.1 entitled "Change of Auditor" and 99.2 entitled "Cancellation of Shares" furnished
to the Commission on Forms 6-K on April 2, 2008;
(c)
all other reports filed by us pursuant to Section 13(a) or 15(d) of the
Exchange Act since the fiscal year ended March 31, 2008; and
(d)
The description of our common stock contained in our Registration Statement on
Form 20-F/A (File No. 001-15240), together with any amendment or report filed for the
purposes of updating that description.
In addition, all documents and reports subsequently filed and, to the extent indicated
therein, furnished by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14, or
15(d) of the Exchange Act, after the date hereof and prior to the filing of a post-effective
amendment to this Registration Statement which indicates that all securities offered hereunder have
been sold or which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference into this Registration Statement and to be a part hereof from the date of
filing of such documents. Any statement contained in a document incorporated or deemed to be
incorporated by reference in this Registration Statement shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement contained in
this Registration Statement, or in any subsequently filed document which also is or is deemed to be
incorporated by reference in this Registration Statement, modifies or supersedes such statement.
Any such statement so modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not applicable.
Table of Contents
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Our Articles of Association provide in article 28 that we shall generally indemnify any person who
is or was a member of our managing, supervisory or joint boards or one of our employees, officers
or agents, or who at our request has become a director, officer or attorney of another entity or a
trust, and suffers any loss as a result of any action in connection with their service to us,
provided they acted in good faith in carrying out their duties and in a manner they reasonably
believed to be in our interest. This indemnification generally will not be available if the person
seeking indemnification acted with gross negligence or willful misconduct in the performance of
such person's duties to us. A court in which an action is brought may, however, determine that
indemnification is appropriate nevertheless.
In addition, our Articles of Association provide that shareholders may approve a resolution at our
general meeting of shareholders to fully discharge the members of our managing board, supervisory
board and joint board from liability towards us in respect of the exercise of their duties during
the financial year covered by the annual accounts subject to certain exceptions under Dutch law,
including exceptions relating to the liability of members of our managing board, supervisory board
and joint board upon bankruptcy or insolvency of a company. Under Dutch law, this discharge is not
absolute and would not be effective as to any matters not disclosed in or apparent from our annual
accounts or not otherwise disclosed to our shareholders as a group, and is subject to general
reasonableness and fairness. Our shareholders have not approved such a resolution at this time.
We have provided Deeds of Access, Insurance and Indemnity governed by Dutch law (each an "
Indemnity
Deed
") to members of our managing board and supervisory boards and our subsidiary, James Hardie
Building Products Inc. ("
JHBP
") has provided Indemnity Agreements governed by Nevada law (each an
"
Indemnity Agreement
") to persons who are members of our managing board and supervisory boards
and/or officers or directors of JHBP. These Indemnity Deeds and Indemnity Agreements are consistent with our
Articles of Association and relevant laws.
The terms of the Indemnity Deeds require us to unconditionally and irrevocably indemnify a director
in relation to the director serving or having served as a director of James Hardie Industries N.V.
("
JHINV
") or one of its subsidiaries or another entity at the request of JHINV or one its
subsidiaries to the extent permitted by Dutch law from and against all claims, liabilities
(including liability for negligence), civil penalties being pecuniary penalties imposed by
legislation, legal costs actually and reasonably incurred (not limited to taxed costs), net wage or
withholding taxes, social security premiums or other Dutch or foreign taxes as a result of
indemnification, as well as reasonable legal costs actually incurred in good faith by the director
in obtaining legal advice regarding issues arising from the Indemnity Deed or making a claim or in
relation to being a witness to any type of proceedings, mediation or other form of dispute
resolution. This indemnity is limited to the extent that it is not available to a director where a
Dutch court has established in a final, non-appealable decision that the director acted with
willful misconduct, intentional recklessness, was seriously imputable or did not act in good faith.
The Indemnity Deeds require us, upon a request by a director, to make payment of amounts payable
within 30 days under the Indemnity Deeds at the request of the director and the director undertakes
to repay the amounts paid to them if it is ultimately determined that he or she is not entitled to
indemnification for such amounts or if an such amounts exceed what we are permitted to pay under
the Indemnity Deed or if he or she receives payment under an insurance contract in respect of those
liabilities. To the extent that a director also receives payment under an indemnity from a JHINV
subsidiary, the director is not entitled to claim under the Dutch law Indemnity Deed.
Under the Indemnity Deeds a director has the right to access the company books of JHINV and its
subsidiaries in relation to any act or omission in relation to the director acting in that capacity
for JHINV, its subsidiaries or another entity at the request of JHINV or its subsidiaries.
The Indemnity Agreements provide that JHBP holds harmless
and indemnifies a director or officer to the fullest
extent allowed by Nevada law against any expenses, liabilities and losses (including, without
limitation, investigation expenses, expert witnesses' and attorneys' fees and expenses, judgments,
penalties, fines, amounts paid or to be paid in settlement, any interest, assessments, or other
charges imposed thereon and any federal, state, local or foreign taxes imposed as a result of
actual or deemed receipt of any payment) actually and reasonably
incurred by the director or officer (net of
any insurance proceeds or other amounts received by the indemnitee as compensation for such
expenses, liabilities or losses) in connection with any actual or threatened action, suit or
proceeding, whether civil,
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criminal,
administrative or investigative or in arbitration, to which the director or officer is a party or
participant or is threatened to be made a party or participant (a) based upon, arising from,
relating to or by reason of the fact that the director or officer was
or is a director, officer and/or employee of JHINV or of JHBP, or
is or was serving at the request of JHINV or JHBP, as a director,
officer, partner, member, manager, trustee,
fiduciary, employee or agent of another corporation or entity, or (b) arising from or relating to
any action or omission taken by the director or officer in any of the capacities described above. However,
the director or officer will only be indemnified in connection with a proceeding initiated by him or her
(other than a proceeding to enforce his or her rights under the indemnity agreement) if the
proceeding was authorized by a two-thirds vote of the board of directors of the entity providing
the indemnification.
By the terms of the Indemnity Agreements, its benefits are not available if there is a judgment or
other final adjudication, after all appeals and all time for appeals has expired, which is adverse
to the director or officer and which establishes (a) that in respect of remuneration paid to the director or officer,
that such remuneration was in violation of law or (b) that the
director's or officer's conduct was knowingly
fraudulent or deliberately dishonest or constituted willful misconduct, or (c) that such an
indemnification is not lawful and both JHBP and the director or officer have been advised that the
Securities and Exchange Commission believes that the indemnification for liabilities arising under
the federal securities laws is against public policy and is, therefore, unenforceable and claims
for indemnification should be submitted to the appropriate court for adjudication. In addition,
the benefits are not available for any claim made against the director or officer for an accounting of profits
made from the purchase or sale by the director or officer of our securities within the meaning of
Section 16(b) of the Securities Exchange Act of 1934 or analogous provisions of any applicable law.
The Indemnity Agreements require JHBP upon request by the director or officer to make payment within 30 days
of amounts payable under the Indemnity Agreements at the request of the director or officer in
advance of indemnification, provided that the director or officer undertakes to repay the amounts
if it is ultimately determined that he or she is not entitled to indemnification for such amounts.
As required by the terms of the Indemnity Deeds and the Indemnity Agreements, we and JHBP maintain
director and officers insurance policies under which such persons would be insured against
liabilities resulting from their service to us.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits
See "Exhibit Index" on page II-1 below.
Item 9. Undertakings
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933 (the
"Act");
(ii) To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that which was registered) and
any deviation from the low or high end of the estimated maximum offering range may be reflected in
the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20 percent change in the maximum aggregate
offering price set forth in the "Calculation of Registration Fee" table in the effective
registration statement;
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such information in
the registration statement;
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provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or 15(d)
of the Exchange Act that are incorporated by reference in this registration statement.
(2) That, for the purpose of determining any liability under the Act, each such post-effective
amendment shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial
bona
fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Act, each filing of the registrant's annual report pursuant to Section 13(a) or
Section 15(d) of the Exchange Act that is incorporated by reference in the registration statement
shall be deemed to be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial
bona fide
offering
thereof.
(c) Insofar as indemnification for liabilities arising under the Act may be permitted to
directors, officers and controlling persons of the registrant pursuant to the foregoing provisions,
or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered,
the registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act and will be governed by the
final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Act, the Registrant certifies that it has reasonable
grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused
this registration statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in Amsterdam, The Netherlands on this 10
th
day of September 2008.
JAMES HARDIE INDUSTRIES N.V.
By:
/s/ Russell Chenu
Russell Chenu
Chief Financial Officer
Each person whose signature appears below hereby appoints each of Russell Chenu and Robert Cox
his true and lawful attorney-in-fact with each of Messrs. Chenu and Cox having the authority,
acting singly, to execute in the name of each such person, and to file with the Securities and
Exchange Commission, together with any exhibits thereto and other documents therewith, any and all
amendments (including without limitation post-effective amendments) to this registration statement
necessary or advisable to enable the registrant to comply with the Securities Act of 1933, as
amended, and any rules, regulations and requirements of the Securities and Exchange Commission in
respect thereof, which amendments may make such other changes in the registration statement as the
aforesaid attorney-in-fact executing the same deems appropriate. Pursuant to the requirements of
the Act, this registration statement has been signed below by the following persons in the
capacities and on the dates indicated.
Signature
Title
Date
/s/ Louis Gries
Louis Gries
Chief Executive Officer, Member of the Joint
Board and Chairman of the Managing Board
(Principal Executive Officer)
September 10, 2008
/s/ Russell Chenu
Russell Chenu
Chief Financial Officer and Member of the
Managing Board
(Principal Financial Officer)
September 10, 2008
/s/ Robert Cox
Robert Cox
Member of the Managing Board
September 10, 2008
/s/ Jason Miele
Jason Miele
Financial Controller
(Principal Accounting Officer)
September 10, 2008
/s/ Michael Hammes
Michael Hammes
Chairman of the Joint Board and Supervisory Board
September 10, 2008
/s/ Donald McGauchie
Donald McGauchie
Deputy Chairman of the Joint Board and
Supervisory Board
September 10, 2008
/s/ Brian Anderson
Brian Anderson
Member of the Joint Board and Supervisory Board
September 10, 2008
/s/ David Andrews
David Andrews
Member of the Joint Board and Supervisory Board
September 10, 2008
/s/ David Harrison
David Harrison
Member of the Joint Board and Supervisory Board
September 10, 2008
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Signature
Title
Date
/s/ Rudy van der Meer
Rudy van der Meer
Member of the Joint Board and Supervisory Board
September 10, 2008
/s/ Catherine Walter
Catherine Walter
Member of the Joint Board and Supervisory Board
September 10, 2008
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EXHIBIT INDEX
Exhibit
Number
Description
4.1
Articles of Association of James Hardie Industries N.V., as most recently amended
on August 20, 2007 (English Translation) (incorporated by reference to Exhibit 1.1
to our Annual Report on Form 20-F filed on July 8, 2008, and incorporated herein
by reference)
4.2
James Hardie Industries NV 2005 Managing Board Transitional Stock Option Plan
(incorporated by reference to Exhibit 4.6 to our Annual Report on Form 20-F filed
on September 29, 2006, and incorporated herein by reference)
4.3
James Hardie Industries NV Supervisory Board Share Plan 2006 (incorporated by
reference to Exhibit 4.4 to our Annual Report on Form 20-F filed on September 29,
2006, and incorporated herein by reference)
4.4
Amended and Restated James Hardie Industries NV Long Term Incentive Plan 2006.
5.1
Opinion of Loyens & Loeff
23.1
Consent of PricewaterhouseCoopers LLP
23.2
Consent of Loyens & Loeff (contained in its opinion filed as Exhibit 5.1 hereto)
24.1
Power of Attorney (contained on the signature pages of this Registration Statement)