Holding in Company

Balfour Beatty PLC
29 May 2001


Balfour Beatty plc ('the Company') have received notice from CGNU plc on
behalf of its wholly owned subsidiary, Morley Fund Management Limited ('Morley
'), that Morley now have a notifiable interest in 29,298,325 50p Ordinary
Shares of the Company representing 7.07% of the Company's issued share
capital.



The aggregate material interest of CGNU plc, which includes the 50p Ordinary
Shares in which Morley have an interest, is also 29,298,325 50p Ordinary
Shares, representing 7.07% of the issued ordinary share capital of the
Company.