Re Contract

Carillion PLC
26 November 2007


26 November 2007

   Carillion wins its first £90 million contract for £2 billion King's Cross
                              regeneration scheme

Support services and construction company Carillion has been awarded a £90
million contract from developers Argent and landowners London & Continental
Railways and DHL-Exel for the construction of two office blocks. This is
Carillion's first contract for the 15-20 year King's Cross regeneration scheme
in London, for which Carillion is one of three key suppliers.

King's Cross is one of the most significant development and regeneration
opportunities in Europe and will see the currently dilapidated area experiencing
a massive rebirth. It will include a new school, health centre, student
accommodation, office and residential buildings, including both new build
elements and refurbishments to existing buildings. The scheme, along with the
recent restoration of St Pancras International station, will transform King's
Cross into a modern, vital link to the rest of Europe.

The first contract comprises the construction of 450,000 sq ft of office space
and terms have been agreed for pre-letting some 250,000 sq ft to Sainsbury's.
Work is due to start on site in November 2008 and is scheduled for completion
within two years ready for occupation in 2011.

Carillion's chief executive John McDonough said: 'We are extremely pleased to be
working with Argent on this huge redevelopment of a vital part of London. We've
had a strong relationship with Argent for 25 years during which we have
delivered projects worth over £170 million for them, the most recent being the
regeneration of Piccadilly Place in Manchester.'

Tony Giddings, construction director at Argent, said: 'Together with HBG and
Kier, Carillion will work with us to bring new life right to the heart of the
first phase of development. We are really pleased that they are part of the
King's Cross team as we get ready to start delivering on site, and with
Sainsbury's occupying the buildings that Carillion will be working on - this is
a fantastic start for us.'

- Ends -

Notes to editors

Carillion plc is one of the UK's leading support services, construction and
Public Private Partnership project companies. The Group has annual revenue of
around £4bn, employs over 40,000 people and operates across the UK, in the
Middle East, Canada and the Caribbean.

In the UK, Carillion has eight principal market sectors - Defence, Education,
Health, Building, Facilities Management and Services, Roads, Rail and Civil
Engineering.

In the Middle East, the Group's two principal market sectors are Construction
and Facilities Management. In Canada and the Caribbean, the Group's main sectors
are Health, Roads Maintenance and Construction.

The Group is a leader in Public Private Partnership projects, particularly in
the Defence, Education and Health sectors in the UK and in the Health sector in
Canada.

This and other news releases relating to the Group can be found at
www.carillionplc.com.

King's Cross - The development at King's Cross (www.argentkingscross.com) is one
of the most significant development and regeneration opportunities in London.

Planning permission was granted in December 2006 for a high density development
of nearly 8 million sq ft. The permission includes nearly 2,000 new homes, 20
new streets, 10 new major public spaces and the restoration of 20 historic
buildings and structures which are to be retained and refurbished.

The site also includes two major rail termini - St Pancras International and
King's Cross Main Line stations next door providing the best public transport
accessibility in London with 10 different rail and London Underground lines.

It is being developed as a joint venture between three companies:

   • Argent (King's Cross) Limited (Argent) is one of the UK's best respected
    property development companies and is the selected developer for the site. (
    www.argentgroup.plc.uk)

   • London & Continental Railways Limited (LCR), selected by the Government
    to build and operate High Speed 1, is one of the landowners at King's Cross.

   • DHL - Exel Supply Chain (DHL-Exel) is a world-class provider of supply
    chain solutions and the other landowner at King's Cross.


For further information on Carillion:
John Denning, Director Group Corporate Affairs, Carillion plc 01902 316426

For more information on the development at King's Cross please contact London
Communications Agency:
Suzi Lawrence - 020 7612 8491 (m) 07773 783 952, [e-mail].
Lara Alden - 020 7612 8495 (m) 07880 592 563, [e-mail]

Artist's Impressions of the King's Cross scheme can be found here :
http://kingscross.argentgroup.plc.uk/gallery/index.cfm




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