Holding(s) in Company

Balfour Beatty PLC
1 July 2002


Balfour Beatty plc ('the Company') today 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 37,140,609 50p Ordinary Shares of the
Company representing 8.95% 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 37,140,609 50p Ordinary Shares,
representing 8.95% of the issued ordinary share capital of the Company.


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