AGM Statement

Morgan Sindall PLC
24 March 2004

Morgan Sindall plc

AGM Statement





John Morgan, Chairman of Morgan Sindall plc will make the following comments at
the Group's Annual General Meeting to be held at 1pm today.


'All our divisions have made a good start to the year:


Fit Out has increased its order book during the first quarter, which underpins
our cautious optimism that this sector is seeing initial signs of recovery;


Bluestone has commenced construction on its first project under the NHS LIFT
scheme in Barnsley, demonstrating the continuing transition of its workload
toward more negotiated and framework types of contract.  In addition Bluestone's
order book has been maintained reflecting its focus on margin improvement rather
than turnover growth;


Lovell has had a solid start to the year with volumes across all areas of its
business in line with budget;


Infrastructure Services' key contracts continue to make progress and
preparations are ongoing for the AMP4 programme in the water utilities sector.


Overall, trading across our four divisions is in line with the Board's
expectations and the Group is well positioned to take advantage of the exciting
market opportunities in both the public and private sectors.'


                                                                   24 March 2004


Enquiries:


 Morgan Sindall plc
    John Morgan, Executive Chairman                        020 7307 9200
    Paul Smith, Chief Executive
    John Bishop, Finance Director

College Hill
    Kate Pope                                              020 7457 2020

    Matthew Smallwood





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