Resolutions Passed re Offer for Sterling

Caledonia Investments PLC
21 December 1999

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                   CALEDONIA INVESTMENTS PLC  ('CALEDONIA')

               RESULTS OF EXTRAORDINARY GENERAL MEETING ('EGM')

On  25 November 1999, Caledonia announced the terms of recommended offers  for
all  the  issued  and to be issued ordinary and preference  share  capital  of
Sterling  not  already owned by Caledonia Industrial & Services  Limited  (the
'Offers').

Caledonia  is pleased to announce that at today's EGM the ordinary resolutions
and  the special and the extraordinary resolutions relating to the Offers were
duly  passed.   The  ordinary resolution to approve the repurchase  of  up  to
10,000,000  Caledonia Shares (subject to the holding of the Concert  Party  in
Caledonia not exceeding 49.9 per cent.) was also passed.


ENQUIRIES:

Caledonia                             Tel: [phone]
Peter Buckley, Chairman and Chief
Executive
Jonathan Cartwright, Finance
Director