Acquisition

Wincanton PLC
02 January 2003



                COMPLETION OF ACQUISITION OF P&O TRANS EUROPEAN



The Board of Wincanton announces that it has completed the acquisition of P&O
Trans European on the terms described in the shareholder circular dated 9
December 2002



For further enquiries please contact


WINCANTON                                                     01963 828282
Gerard Connell, Group Finance Director
Charles Carr, Director of Marketing & Communications

LAZARD                                                        020 7588 2721
Richard Stables

BUCHANAN COMMUNICATIONS                                       020 7466 5000
Richard Oldworth/Charles Ryland/Jeremy Garcia






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