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Caledonia Inv PLC (CLDN)

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Friday 11 June, 2004

Caledonia Inv PLC

EGM Statement

Caledonia Investments PLC
11 June 2004

                    Results of Extraordinary General Meeting

The Board of Caledonia Investments plc ('Caledonia') is pleased to announce that
at the extraordinary general meeting ('EGM') and class meeting of Caledonia held
this morning, the shareholders voted in favour of resolutions required for the
implementation of the proposed elective special dividend and reduction of
capital (the 'Special Dividend Proposals'), as detailed in the circular sent to
Caledonia's shareholders on 19 May 2004 (the 'Circular').  The principal
outstanding conditions to the implementation of the Special Dividend Proposals
are (i) the Court approving the reduction of capital by Caledonia and (ii) the
Court approving a scheme of arrangement of The Cayzer Trust Company Limited.
The Court hearings are scheduled to be held on 29 June 2004 and the payment of
the Special Dividend is expected to be made as soon as possible thereafter.

The Board of Caledonia is also pleased to announce that at the EGM, independent
shareholders voted in favour of a resolution enabling the Company to make market
purchases of its own shares without triggering a general offer to all
shareholders by the Cayzer concert party.  This is subject to the aggregate
holding of the Cayzer concert party not, as a consequence of such market
purchases, exceeding 49.9 per cent of the Company's issued share capital.

Caledonia's shareholders also voted in favour of all other resolutions proposed
at the EGM.

Tim Ingram, Chief Executive of Caledonia, comments:

'We are delighted to have received shareholder support for these proposals.
This should resolve the uncertainty surrounding our major shareholder and enable
management to concentrate efforts on achieving continuing out-performance to the
benefit of all shareholders'

                                                                    11 June 2004


Caledonia                                Tel: +44 (0)20 7457 2020 (today)
Tim Ingram, Chief Executive              Tel: +44 (0)20 7802 8080 (thereafter)

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

                      This information is provided by RNS
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