Acquisition

Morgan Sindall PLC
24 March 2006

Morgan Sindall plc

('Morgan Sindall' or 'the Group')



£23.3 million acquisition of Gleeson MCL






Morgan Sindall plc announces that it has acquired Gleeson MCL Limited, the
building and civil engineering infrastructure specialist for the rail industry,
from M J Gleeson Group plc for an initial consideration of £23.3 million which
is subject to adjustment based on final net assets at completion.



Gleeson MCL has extensive experience of new build, refurbishment and maintenance
of stations, bridges and other rail assets for its clients that include: London
Underground Ltd, Network Rail, Tube Lines, Metronet, Dockland Light Railways and
Local Authorities.



Gleeson MCL's audited accounts for the year to 30 June 2005 disclose an
operating profit of £1.8m and a pre-tax profit of £2.1m. As at 30 June 2005,
Gleeson MCL had gross assets of £18.1m, including net cash of £6.1m.



Gleeson MCL, which will become Morgan Est Rail, will significantly expand the
rail capability of Morgan Est, Morgan Sindall's Infrastructure Services
division. It will also be able to expand its offering to the sector by working
alongside Morgan Est's tunnelling team. Morgan Sindall will be retaining the
senior management team of Gleeson MCL.



Morgan Sindall aims to be a market leader in all of the sectors in which it
operates, and has achieved this position in its Fit Out and Affordable Housing
divisions. The acquisition of Gleeson MCL goes some way to furthering this goal
for the Infrastructure Services division.



The consideration of £23.3 million will be paid from Morgan Sindall's existing
resources and the Directors believe the acquisition will be immediately earnings
enhancing.





Paul Smith, Chief Executive of Morgan Sindall, commented:



'We have a record of acquiring companies and successfully integrating them into
the Group and in so doing developing the scale and capabilities of our
operations. This acquisition strengthens Morgan Est's presence in the rail
sector where we believe there will be sustained growth opportunities.'



                                                                   24 March 2006

Enquiries:


Morgan Sindall                                              Tel: [phone]
John Morgan, Executive Chairman
Paul Smith, Chief Executive
College Hill                                                Tel: [phone]
Alex Walters/Matthew Smallwood




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