Appointment

Carillion PLC
7 September 2001




Carillion appoints new managing director for private finance business


Carillion, the UK construction to services group, has appointed Nigel Jones to
head up its market leading private finance business. He will take up his
appointment in October.

Carillion chief executive John McDonough, said, 'This is a key appointment for
Carillion. Nigel has had considerable success in managing private finance
businesses over the last seven years and will be taking control of one of
Carillion's key businesses that is playing a major part in the strategic
development of the Group.

'The future PFI market is forecast to be some £50 billion with nearly half to
be committed over the next three years. Forecast spending is highest in the
sectors on which we have focused, namely health, transport and secure
establishments, plus defence, where we are currently one of two bidders for a
large MoD project.'

On his new appointment to Carillion, Nigel says, 'I am delighted to have the
opportunity to lead one of the most successful companies in the UK private
finance market. Carillion has pioneered PFI projects in a number of sectors
and is well placed to build on its successes in the future. I am looking
forward to joining a highly experienced team of dedicated and professional
people.'

Note to editors

Nigel Jones

Nigel, who is 47, had been responsible for creating Hyder Investments in 1994,
which over a six year period enjoyed considerable success in private finance
infrastructure projects throughout the world.

Having built a large PFI portfolio, he worked with City Bank Group to dispose
of the portfolio, the largest to be sold in the UK to date, at a premium to
book value, following Hyder's break up by Western Power.

Married, with two children, Nigel was born in North Wales and after leaving
Wrexham Sixth Form College, went to Loughborough University graduating in
Chemistry in 1975.

Carillion Private Finance

Carillion Private Finance, is the UK's leading PFI business with 15
financially closed projects worth over £2.7 billion. In addition Carillion has
been shortlisted on a further 15 projects, worth around £3 billion.

The financially closed projects are -

Operational (11):

A55

M40

HMP Altcourse

HMP Rye Hill

Medway Secure Training Centre

Rainsbrook STC

Darent Valley Hospital

Derwent Hospital

Glasgow Southern General Medicine for the Elderly

Harplands Hospital

Avery Hill

Under construction (4):

Nottingham Express Transit

Manchester Magistrates Courts

New Accommodation Project, Cheltenham

Great Western Hospital, Swindon

For further information contact John Denning or John Davies on 01902 316444