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McAlpine (Alfred). (MCA)

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Wednesday 22 September, 2004

McAlpine (Alfred).

Holding(s) in Company

McAlpine (Alfred) PLC
22 September 2004


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
ALFRED McALPINE plc

2. Name of shareholder having a major interest:
ZURICH FINANCIAL SERVICES

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18
NON-BENEFICIAL

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

BANK OF IRELAND NOMINEES 236,600
BANK OF IRELAND NOMINEES 42,000
BANK OF IRELAND NOMINEES 21,400
LITTLEDOWN NOMINEES LIMITED A/C 34789 220,000
LITTLEDOWN NOMINEES LIMITED A/C 05576 3,035,000
LITTLEDOWN NOMINEES LIMITED A/C 07203 72,000
LITTLEDOWN NOMINEES LIMITED A/C 05577 190,000
LITTLEDOWN NOMINEES LIMITED A/C 21667 81,000

5. Number of shares / amount of stock acquired
NOT DISCLOSED

6. Percentage of issued class
N/A

7. Number of shares / amount of stock disposed
NOT DISCLOSED

8. Percentage of issued class
N/A

9. Class of security
ORDINARY SHARES OF 25p EACH

10. Date of transaction
NOT DISCLOSED

11. Date company informed
21 SEPTEMBER 2004

12. Total holding following this notification
3,898,000

13. Total percentage holding of issued class following this notification
3.89%

14. Any additional information
NONE

15. Name of contact and telephone number for queries
CAROLINE HIGGINS (020 7930 6255)

16. Name and signature of authorised company official responsible for making
this notification
CAROLINE HIGGINS (Deputy Group Secretary)

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for loss of business or loss of profits) arising in contract, tort or otherwise
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