Holding in Company

Balfour Beatty PLC
15 October 2001


Balfour Beatty plc

15 October 2001

Balfour Beatty plc ('the Company') have received notice from CGNU plc on
behalf of its wholly owned subsidiary, Morley Fund Management Limited
('Morley'), that Morley now have a notifiable interest in 33,225,625 50p
Ordinary Shares of the Company representing 8.02% of the Company's issued
share capital.

The aggregate material interest of CGNU plc, which includes the 50p Ordinary
Shares in which Morley have an interest, is also 33,225,625 50p Ordinary
Shares, representing 8.02% of the issued ordinary share capital of the
Company.