Market Overview

Changes to General Management Team


James Hardie Industries plc (ASX:JHX) announced that with effect today,
Sean Gadd is appointed the Executive Vice President – North America
Commercial, with responsibility for sales, products and marketing in
North America. Commenting on this change, Dr Jack Truong, President and
COO, said, "Aligning products, marketing, and sales functions under one
leader provides the necessary cross-functional alignment and clarity of
direction to accelerate our primary demand growth. Sean's depth of
knowledge regarding James Hardie's customers, products and go-to-market
strategies, uniquely positions him to drive this alignment and ensure
effective execution." Further, with effect today, Zean Nielsen,
Executive Vice President - Sales, will be leaving James Hardie.

Forward Looking Statements

This Media Release contains forward-looking statements. James Hardie
Industries plc (the "Company") may from time to time make
forward-looking statements in its periodic reports filed with or
furnished to the Securities and Exchange Commission, 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:

  • statements about the Company's future performance;
  • projections of the Company's results of operations or financial
  • statements regarding the Company's plans, objectives or goals,
    including those relating to strategies, initiatives, competition,
    acquisitions, dispositions and/or its products;
  • expectations concerning the costs associated with the suspension or
    closure of operations at any of the Company's plants and future plans
    with respect to any such plants;
  • expectations concerning the costs associated with the significant
    capital expenditure projects at any of the Company's plants and future
    plans with respect to any such projects;
  • expectations regarding the extension or renewal of the Company's
    credit facilities including changes to terms, covenants or ratios;
  • expectations concerning dividend payments and share buy-backs;
  • statements concerning the Company's corporate and tax domiciles and
    structures and potential changes to them, including potential tax
  • statements regarding tax liabilities and related audits, reviews and
  • statements regarding the possible consequences and/or potential
    outcome of legal proceedings brought against us and the potential
    liabilities, if any, associated with such proceedings;
  • expectations about the timing and amount of contributions to Asbestos
    Injuries Compensation Fund (AICF), a special purpose fund for the
    compensation of proven Australian asbestos-related personal injury and
    death claims;
  • expectations concerning the adequacy of the Company's warranty
    provisions and estimates for future warranty-related costs;
  • statements regarding the Company's ability to manage legal and
    regulatory matters (including but not limited to product liability,
    environmental, intellectual property and competition law matters) and
    to resolve any such pending legal and regulatory matters within
    current estimates and in anticipation of certain third-party
    recoveries; and
  • statements about economic conditions, such as changes in the US
    economic or housing recovery or changes in the market conditions in
    the Asia Pacific region, the levels of new home construction and home
    renovations, unemployment levels, changes in consumer income, changes
    or stability in housing values, the availability of mortgages and
    other financing, mortgage and other interest rates, housing
    affordability and supply, the levels of foreclosures and home resales,
    currency exchange rates, and builder and consumer confidence.

Words such as "believe," "anticipate," "plan," "expect," "intend,"
"target," "estimate," "project," "predict," "forecast," "guideline,"
"aim," "will," "should," "likely," "continue," "may," "objective,"
"outlook" and similar expressions are intended to identify
forward-looking statements but are not the exclusive means of
identifying such statements. Readers are cautioned not to place undue
reliance on these forward-looking statements and all such
forward-looking statements are qualified in their entirety by reference
to the following cautionary statements.

Forward-looking statements are based on the Company's current
expectations, estimates and assumptions and because forward-looking
statements address future results, events and conditions, they, by their
very nature, involve inherent risks and uncertainties, many of which are
unforeseeable and beyond the Company's control. Such known and unknown
risks, uncertainties and other factors may cause actual results,
performance or other achievements to differ materially from the
anticipated results, performance or achievements expressed, projected or
implied by these forward-looking statements. These factors, some of
which are discussed under "Risk Factors" in Section 3 of the Form 20-F
filed with the Securities and Exchange Commission on 22 May 2018,
include, but are not limited to: all matters relating to or arising out
of the prior manufacture of products that contained asbestos by current
and former Company subsidiaries; required contributions to AICF, any
shortfall in AICF and the effect of currency exchange rate movements on
the amount recorded in the Company's financial statements as an asbestos
liability; the continuation or termination of the governmental loan
facility to AICF; compliance with and changes in tax laws and
treatments; competition and product pricing in the markets in which the
Company operates; the consequences of product failures or defects;
exposure to environmental, asbestos, putative consumer class action or
other legal proceedings; general economic and market conditions; the
supply and cost of raw materials; possible increases in competition and
the potential that competitors could copy the Company's products;
reliance on a small number of customers; a customer's inability to pay;
compliance with and changes in environmental and health and safety laws;
risks of conducting business internationally; compliance with and
changes in laws and regulations; currency exchange risks; dependence on
customer preference and the concentration of the Company's customer base
on large format retail customers, distributors and dealers; dependence
on residential and commercial construction markets; the effect of
adverse changes in climate or weather patterns; possible inability to
renew credit facilities on terms favorable to the Company, or at all;
acquisition or sale of businesses and business segments; changes in the
Company's key management personnel; inherent limitations on internal
controls; use of accounting estimates; the integration of Fermacell into
our business; and all other risks identified in the Company's reports
filed with Australian, Irish and US securities regulatory agencies and
exchanges (as appropriate). The Company cautions you that the foregoing
list of factors is not exhaustive and that other risks and uncertainties
may cause actual results to differ materially from those referenced in
the Company's forward-looking statements. Forward-looking statements
speak only as of the date they are made and are statements of the
Company's current expectations concerning future results, events and
conditions. The Company assumes no obligation to update any
forward-looking statements or information except as required by law.

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