Sale of equity in PPP

Carillion PLC
18 December 2007



18 December 2007

Carillion agrees sale of equity in Public Private Partnership (PPP) projects

Support services and construction company, Carillion plc, has agreed terms to
sell its equity holdings in three fully operational Public Private Partnership
projects to a secondary market fund, Land Securities Trillium.

The sales are expected to generate cash proceeds of £21.5 million and an
exceptional profit of a broadly equal amount.

Following the equity sale, Carillion will have 22 financially closed projects in
which it has invested, or has commitments to invest, a total of £171 million.

Carillion also has a strong pipeline of preferred bidder and shortlisted
projects, which together have a potential equity requirement of up to £93
million, in addition to the £171 million already invested in, or committed to,
financially closed projects. Beyond that there are continuing opportunities for
Carillion to grow its PPP investment portfolio in the UK and Canada, which have
major PPP programmes in Carillion's key market sectors.

Subject to satisfying certain conditions attendant on these sales, the
transactions are expected to be completed by the end of December.

Note to editors

The three projects in which Carillion is selling its equity holdings are the
Great Western Hospital, Swindon, Harplands Hospital, North Staffordshire and
Glasgow Southern General Hospital (Langlands). Details of these projects can be
found on Carillion's website at www.carillionplc.com/privatefinance

Carillion is one of the UK's leading support services, construction and Public
Private Partnership project companies. The Group has annual revenue of around
£4bn, employs over 40,000 people and operates across the UK, in the Middle East,
Canada and the Caribbean.

In the UK, Carillion has eight principal market sectors - Defence, Education,
Health, Building, Facilities Management and Services, Roads, Rail and Civil
Engineering.

In the Middle East, the Group's two principal market sectors are Construction
and Facilities Management. In Canada and the Caribbean, the Group's main sectors
are Health, Roads Maintenance and Construction.

The Group is a leader in Public Private Partnership projects, particularly in
the Defence, Education and Health sectors in the UK and in the Health sector in
Canada.

This and other news releases relating to the Group can be found at
www.carillionplc.com.

For further information on Carillion:
John Denning, Director Group Corporate Affairs, Carillion plc 01902 316426



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