Correction statement

CRH PLC
2 April 2001

2/04/01 UK: CRH PLC RESULT OF EQUITY ISSUE - CORRECTION STATEMENT

CRH plc 2 April 2001

Not for release, publication or distribution in or into the United States,
Canada, Australia, Japan or Sweden



                               CRH PLC ('CRH')


                        CORRECTION TO ACCEPTANCE LEVEL

              94.7 PER CENT. ACCEPTANCE OF 1 FOR 4 RIGHTS ISSUE




Further to the announcement made on 29 March 2001, the Board of CRH announces
that valid acceptances, being acceptances received by 3.00 p.m. on 27 March
2001, had been received in respect of 98,093,316 Rights Shares, representing
approximately 94.7 per cent. of the 103,622,311 Rights Shares offered to
Qualifying Shareholders at euro 10.50 per share.

The Company was notified today by its registrars that there was an error in
the previously announced acceptance level of 86.7 per cent. The registrars are
considering how best to correct this error, which may or may not involve the
purchase of CRH shares.

For Qualifying non-CREST Shareholders it is expected that definitive share
certificates in respect of the new CRH Shares will be despatched on or before
26 April 2001. For Qualifying CREST Shareholders it is expected that the
Company's registrars will instruct CREST to credit the appropriate CREST
Member Accounts on 20 April 2001.

For further information please contact:
Capita Corporate Registrars plc
Albert Farrell                                        00 353 1 661 7300

CRH
Harry Sheridan, Finance Director                      00 353 1 404 1000
Myles Lee, General Manager Finance                    00 353 1 404 1000

UBS Warburg
Paul Nicholls, Corporate Finance                      00 44 207 568 2016
Philip Shelley, Capital Markets                       00 44 207 568 2730

Davy Stockbrokers
Kyran McLaughlin, Head of Equities                    00 353 1 614 8949
Paul Burke, Head of Investor Relations                00 353 1 614 8965



CRH plc, Belgard Castle, Clondalkin, Dublin 22, Ireland

TELEPHONE [phone]

FAX [phone]

Additional information

UBS Warburg and Davy acted as underwriters and financial advisers to the
Company with regard to the Rights Issue. This announcement has been issued by
and is the sole responsibility of the Company. It has been approved by UBS
Warburg which is regulated in the United Kingdom by The Securities and Futures
Authority Limited, solely for the purposes of Section 57 of The Financial
Services Act 1986 and by Davy which is regulated by the Central Bank of
Ireland pursuant to the Investment Intermediaries Act, 1995 and the Stock
Exchange Act, 1995 of Ireland.

UBS Warburg and Davy acted exclusively for CRH and no-one else in connection
with the Rights Issue and will not be responsible to anyone other than CRH for
providing the protections afforded to customers of UBS Warburg or Davy or for
providing advice in relation to the Rights Issue or any matter referred to
herein.

These materials are not for distribution, directly or indirectly, in or into
the United States. These materials are not an offer of securities for sale
into the United States. The securities are not being registered under the US
Securities Act of 1933 and may not be offered or sold in the United States or
to, or for the account or benefit of, US persons (as such terms are defined in
Regulation S under such Act) unless they are registered or exempt from
registration. No public offering of securities is being made into the United
States.