Disposal

Allen PLC 19 June 2000 Allen Plc ('Allen') (Hire Services, Housebuilding, Civil Engineering Contracting, Building Contracting) SHEET PILING (UK) DISPOSAL FOR £1.2 MILLION Allen, the construction services group, announces that it has sold its 82.5% shareholding in Sheet Piling (UK) to its management for £1.2 million. In the year ended 2 April 2000, Sheet Piling (UK) made a profit before tax of £203,000 on turnover of £4.53 million. Allen's share of the pre-tax profit was £167,000. Net assets attributable to Allen at that date were £1,097,000. Ken Fox, the Chief Executive, said: 'Sheet Piling (UK) was a non-core activity. The disposal is another important step in our stated objective of focusing both management resources and capital investment in businesses where we believe that we can obtain the best return for our shareholders. 'We wish the management continued success.' For further information: Ken Fox (Chief Executive) 01204 699277 Neil O'Brien (Finance Director) 01204 699277 Brian Coleman-Smith 020 7786 9600 Binns & Co Public Relations

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