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Caledonia Inv PLC (CLDN)

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Wednesday 01 October, 2003

Caledonia Inv PLC

The Takeover Panel Statement

Caledonia Investments PLC
01 October 2003



The Takeover Panel Statement of 1 October 2003

Tim Ingram, Chief Executive of Caledonia, commented on today's announcement by
The Takeover Panel that the two liquidation vehicles chaired by Sir John Craven
be required, by 17 October 2003, to 'put up or shut up' in relation to their
liquidation proposals for Caledonia:

'We welcome this decision and statement by The Takeover Panel.  The proposals
put forward are likely to be rejected by Caledonia's largest shareholder, The
Cayzer Trust Company Limited, (37.7% shareholder in Caledonia), at its EGM
tomorrow. We therefore look forward to a line being drawn under the negative
campaign being waged against Caledonia, so that management can concentrate on
continuing to deliver its outstanding performance.'

                                                                  1 October 2003


Caledonia Investments plc                     Tel: +44 (0)20 7802 8080
Tim Ingram, Chief Executive

College Hill                                  Tel: +44 (0)20 7457 2020
Alex Sandberg
Tony Friend

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