Disposal

Carillion PLC
09 September 2002


Carillion agrees sale of businesses from joint venture company Maxxiom


Business and construction services company, Carillion, has agreed to the sale to
Hewden Stuart plc of various businesses from Maxxiom, its plant hire joint
venture with P&O.

The sale, which is consistent with Carillion's strategy of disposing of non-core
businesses, includes the hoists, accommodation and general plant businesses of
Maxxiom.  All the employees within these businesses will transfer to Hewden
Stuart.  Progress with the sale of Maxxiom's remaining business, Power
Contracting, is well advanced.  Consultation with employees has taken place.

The proceeds from the sale are £9 million receivable in cash.   The value of
Carillion's interest in the net assets being disposed is £10 million with
profits attributable to these net assets at break even.  Maxxiom is expected to
incur further restructuring costs as a result of the transaction and Carillion's
share of these costs is expected to be up to £3 million.  Future disposal of
Maxxiom properties are expected to mitigate these costs.

The cash generated by the transaction will be used by Carillion to progress its
strategy for growing its Business Services and PPP Investment activities,
alongside a strong and selective Construction Services capability.



Notes to editors

Maxxiom is a 50-50 joint venture between P&O and Carillion.  Maxxiom was created
in 1997 through the merger of the in-house plant operations of Bovis and Tarmac.

Maxxiom is a leading provider of integrated plant hire solutions in the UK.  As
well as the provision of general plant, Maxxiom provides bespoke modular
accommodation and specialist passenger goods hoists.



For further information

John Denning              Director Corporate Affairs             01902 316426



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