MCA Mcalpine (A)

RNS Number:7169N
McAlpine (Alfred) PLC
11 February 2008


11 February 2008



                              ALFRED McALPINE PLC


COURT ORDERS CONFIRMING THE CAPITAL REDUCTION AND THE REDUCTION AND CANCELLATION
               OF THE PREFERENCE SHARES ("PREFERENCE REDUCTION")


    RECOMMENDED SHARES AND CASH ACQUISITION OF ALFRED McALPINE PLC ("ALFRED
                   McALPINE") BY CARILLION PLC ("CARILLION")



The board of Alfred McAlpine is pleased to announce that the High Court of
Justice has today made orders confirming the Capital Reduction and the
Preference Reduction.


The Scheme and the Preference Reduction will become effective on registration of
the relevant Court orders by the Registrar of Companies. It is expected that the
Court order relating to the Capital Reduction will be registered on 12 February
2008 and accordingly, the Scheme will become effective at this time. It is
expected that the Court order relating to the Preference Reduction will be
registered and become effective today. The listing of the Ordinary Shares on the
Official List is expected to be cancelled and the Ordinary Shares will cease to
be admitted to trading on the London Stock Exchange's main market for listed
securities at or about 8.00 a.m. on 12 February 2008. The Ordinary Shares were
suspended from listing at 7.30 a.m. today. The listing of the Preference Shares
on the Official List is expected to be cancelled and the Preference Shares will
cease to be admitted to trading on the London Stock Exchange's main market for
listed securities at or about 8.00 a.m. on 12 February 2008. The Preference
Shares were suspended from listing at 7.30 a.m. today.


Once the Scheme has become effective, despatch of cheques in respect of cash
consideration or settlement of cash consideration and New Carillion Shares
through CREST (as appropriate) and statements of entitlements to or share
certificates in relation to New Carillion Shares (as appropriate) and the
despatch of Loan Note certificates in respect of valid elections for the Loan
Note Alternative will take place no later than 26 February 2008. Payments due to
the Preference Shareholders are expected to take place today.


Capitalised terms used in this announcement have the same meanings as in the
Scheme Document dated 21 December 2007.


All times referred to in this announcement are references to London time.




Enquiries:

Alfred McAlpine plc                                        +44 (0)20 7357 9477
Ian Grice, Group Chief Executive
Mark Greenwood, Group Finance Director
Chris Lee, Group Company Secretary

JPMorgan Cazenove (Joint Financial Adviser and Corporate
Broker)                                                    +44 (0)20 7588 2828
Edmund Byers
Dwayne Lysaght

Tricorn Partners (Joint Financial Adviser)                 +44 (0)20 7823 0888
Guy Dawson
Andrew McNaught

Hogarth Partnership (PR Adviser)                           +44 (0)20 7357 9477
James Longfield
Rachel Hirst


JPMorgan Cazenove Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for Alfred
McAlpine and no one else in connection with the Acquisition and this
announcement and will not be responsible to anyone other than Alfred McAlpine
for providing the protections afforded to clients of JPMorgan Cazenove Limited
nor for providing advice in connection with the Acquisition or this announcement
or any matter referred to herein.


Tricorn Partners LLP, which is authorised and regulated in the United Kingdom by
the Financial Services Authority, is acting exclusively for Alfred McAlpine and
no one else in connection with the Acquisition and this announcement and will
not be responsible to anyone other than Alfred McAlpine for providing the
protections afforded to clients of Tricorn Partners LLP nor for providing advice
in connection with the Acquisition or this announcement or any matter referred
to herein.


Overseas Jurisdictions


The release, publication or distribution of this announcement in jurisdictions
other than the United Kingdom may be restricted by law and therefore any persons
who are subject to the laws of any jurisdiction other than the United Kingdom
should inform themselves about, and observe, any applicable requirements. This
announcement has been prepared for the purposes of complying with English law
and the City Code and the information disclosed may not be the same as that
which would have been disclosed if this announcement had been prepared in
accordance with the laws and regulations of any jurisdiction outside of England.


THIS ANNOUNCEMENT IS NOT A PROSPECTUS. IT DOES NOT CONSTITUTE OR FORM PART OF
ANY OFFER OF SECURITIES, OR CONSTITUTE SOLICITATION OF ANY OFFER OF SECURITIES.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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