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Laing(John) PLC (LNGO)

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Thursday 12 October, 2000

Laing(John) PLC

Holding in Company

Laing(John) PLC
12 October 2000

Letter to  Company Announcements Office

Notification of Substantial Interests in Shares

We have today been notified, pursuant to section 198 of the Companies Act 1985,
that Morley Fund Management Limited, a subsidiary of CGNU plc, has reduced its
interest in the share capital of this Company to 2,879,257 Ordinary Shares of 25
pence each being 2.99% of the issued share capital in that class.

It is not known on what date the transaction was effected.

Letter from  R K Miller
             Group Company Secretary
             John Laing plc