AGM Statement

Carillion PLC
10 May 2006


10 May 2006

                            2006 AGM Trading update

Speaking at Carillion's Annual General Meeting today, Chairman Philip Rogerson
made the following comments on trading in 2006.

Trading conditions in our key markets continue to be positive and in line with
our expectations. New order intake has remained very strong and in the year to
date Carillion has won orders worth around £5.5 billion, the largest of which
being the Allenby and Connaught PPP project for the Ministry of Defence.
Carillion will invest £60 million of equity in this project, which will
transform living accommodation and other facilities for Army garrisons in the
South of England.

As announced on 24 April, additional cost savings have been identified since the
acquisition of Mowlem plc that will increase the running rate of savings from
£10 million per annum to £15 million per annum by the end of 2006 and from £15
million per annum to £23 million per annum by the end of 2007. After a one-off
cost of around £5 million in 2006 to deliver these incremental savings, in
addition to the one-off cost of £10 million already announced, there will be a
further increase in earnings beyond the material enhancement already expected in
2007.

The announcement on 24 April also included a number of fair value and other
adjustments to net assets that revised the provisional assessment set out in the
offer for Mowlem in December 2005. This reflected the Board's firm view of these
adjustments, which have no material effect on forecast debt or expected
earnings.

With trading conditions in our main markets expected to remain positive, a
strong, highly visible order book and the good progress being made with the
integration of Mowlem, the Board is confident that Carillion will make further
progress in 2006.

For further information contact
John Denning, Director Group Corporate Affairs, Carillion plc 01902 316384



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