Rule 8.3 - MCALPINE(ALFRED)

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              MCALPINE(ALFRED)
Class of relevant security    ORD GBP0.25
to which the dealings being
disclosed relate (Note 2)
Date of dealing               17 January 2008

2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                            Long                     Short

                      Number       (%)         Number       (%)

(1) Relevant       3,579,733      3.49%        327,318     0.32%
securities
(2) Derivatives      327,022      0.32%      1,023,789     1.00%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total               3,906,755     3.81%     1,351,107      1.32%


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number              (%)   Number              (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


  (c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

  (a)  Purchases and sales

Purchase/sale Number of Securities Price per unit
                                   (GBP)
Purchase      1,200                5.0708
Purchase      26,181               5.0814
Purchase      10,019               5.0928
Purchase      26,181               5.0814
Purchase      1,200                5.0708
Purchase      10,270               5.0812
Purchase      13,200               5.0747
Purchase      8,111                5.0940
Purchase      1,991                5.0610
Purchase      1,113                5.0742
Purchase      2,711                5.1157
Purchase      1,908                5.0876
Purchase      16,162               5.0743
Purchase      243                  5.0742
Sale          16,162               5.0743
Sale          1,113                5.0742
Sale          26,181               5.0814
Sale          10,019               5.0928
Sale          10,270               5.0812
Sale          243                  5.0742
Sale          13,200               5.0747
Sale          243                  5.0742
Sale          1,200                5.0708
Sale          8,111                5.0931
Sale          2,711                5.1148
Sale          10,019               5.0928
Sale          1,908                5.0876
Sale          1,113                5.0742

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         1200          5.0708
CFD            Short         13200         5.0746
CFD            Short         10270         5.0812
CFD            Short         2711          5.1156
CFD            Long          1356          5.0741
CFD            Long          13225         5.0814
CFD            Long          1908          5.0875
CFD            Long          8111          5.0931

(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option             European etc.            per unit (GBP)
                varying etc.      relates (GBP)


(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)




(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)




4.   OTHER INFORMATION
None

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.




Is a Supplemental Form 8 attached? (Note 9)                 NO


Date of disclosure                         18 January 2008
Contact name                               Geoff Smith
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk