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Thursday 16 October, 2003

Caledonia & Cayzer

Status of the Proposals

Caledonia Realisation & Cayzer Cont
16 October 2003

The 'Status of the Proposals' announcement for Caledonia Realisation & Cayzer
Cont released today at 10.07 under RNS No 9653Q has been re-released to
facilitate onward  transmission by third party vendors.

The announcement is unchanged and is reproduced in full below.

For immediate release                                            16 October 2003

   Not for release, publication or distribution in or into the United States,
                           Canada, Australia or Japan

 Status of the Proposals put forward by Cayzer Continuation Limited ('CC') and

                      Caledonia Realisation Limited ('CR')

Following recent share trading by certain institutional shareholders, the level
of support referred to in the announcement of 5 September is now 18.9%,
representing 36.1% of the Free Float.


Anthony Cardew             CardewChancery                         020 7930 0777

Expressions defined in the announcement by CC and CR made on 5 September 2003
bear the same meaning when used in this announcement.

                      This information is provided by RNS
            The company news service from the London Stock Exchange