Holding in Company

Balfour Beatty PLC 15 June 2001 Balfour Beatty plc ('Balfour Beatty') yesterday received notice that Franklin Resources, Inc and its affiliates (which perform management and advisory services for clients on a global basis) have, on behalf of clients, decreased their notifiable interest in the ordinary share capital of Balfour Beatty and now hold 24,727,117 ordinary shares, representing 5.97% of the issued ordinary capital of Balfour Beatty.
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