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Havelock Europa PLC (HVE)

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Tuesday 24 July, 2001

Havelock Europa PLC

Disenfranchisement of shares

Havelock Europa PLC
24 July 2001



                        FOR RELEASE TO STOCK EXCHANGE

                          AT 7.00 A.M. 24 JULY 2001




                                                                  24 July 2001


                             Havelock Europa PLC

                announces further disenfranchisement of shares



As detailed in the Company's AGM statement (29 June 2001), shares representing
5.5% of the Company's share capital were acquired by two Swiss banks in May.
In accordance with its normal procedures, the Company requested the registered
owners to reveal the identity of the beneficial owners but they have declined
to disclose this information.  Accordingly, in line with the Company's
Memorandum and Articles of Association, these shares were disenfranchised on
14 June 2001, until such time as the required information is provided.



As detailed in the AGM statement, the registered owner of one of these share
holdings acquired further shares in June, increasing their holding above 3% of
the share capital of the Company, and has failed to notify the Company of this
interest, in terms of the Companies Act 1985.  Again, in accordance with the
Company's Memorandum and Articles of Association, these shares were
disenfranchised on 20 July 2001.  In summary, 7% of the Company's share
capital has been disenfranchised and therefore is not entitled to Company
dividends nor Company voting rights until such time as the required
information is disclosed.



Press enquiries:

Havelock Europa PLC   01383-820044

(Hew Balfour, Chief Executive) 07801-683851



Bankside Consultants Limited

(Charles Ponsonby)  020-7444 4166