Director Shareholding

Balfour Beatty PLC
03 February 2003



The option over 2,156 50p Ordinary Shares in Balfour Beatty plc granted on 23
May 1997 to Mr M W Welton under the Company's Savings Related Share Option
Scheme lapsed unexercised on 31 January 2003.  The exercise price was 208.0p.






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