Holding in Company

Balfour Beatty PLC
22 June 2001


'Balfour Beatty plc ('the Company') today received notice from Standard Life
Investments Limited, on behalf of Standard Life Group ('Standard Life') that
Standard Life have a material notifiable interest in the ordinary share
capital of the Company comprising 12,927,124 ordinary shares, representing
3.12% of the issued ordinary share capital of the Company.'