Disposal

Carillion PLC
29 May 2003


Carillion sells Expanded Piling business to Laing O'Rourke

Business and Construction Services company, Carillion, has completed the sale of
its subsidiary, The Expanded Piling Company Ltd, to Laing O'Rourke.

The disposal includes the whole of the share capital in Expanded Piling for a
cash consideration of £6.3 million.  The disposal also includes net assets of £1
million.   The goodwill written off in respect of the original acquisition of
The Expanded Piling Company was some £5.3 million, which will be taken into
account in calculating the P&L impact of the disposal, but has no effect on the
underlying net assets of Carillion.

Expanded Piling, which is based in Grimsby, is involved in a wide range of
piling operations on construction projects throughout the United Kingdom.

Carillion Chief Executive John McDonough said, 'The disposal of Expanded Piling
is in line with our strategy for sustainable profitable growth through
developing our Business Services and PPP Investment activities, alongside a
strong Construction capability focused on larger higher added value projects.

'We continue to develop our well balanced geographical and market positions both
organically and through seeking further bolt on acquisitions in our key growth
areas of health, transport and defence in the UK and in our International
Regional businesses, particularly Canada.'


For further information

John Denning, Director Group Corporate Affairs,              01902 316426
John Davies or Paula Manning, Group Corporate Affairs        01902 316444


                      This information is provided by RNS
            The company news service from the London Stock Exchange