RNS Number:3213L
McAlpine (Alfred) PLC
20 May 2003


McAlpine (Alfred) PLC
May 20, 2003

DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)   NAME OF COMPANY

Alfred McAlpine PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

FMR Corp (Fidelity)

3)   Please state whether notification indicates that it is in respect of 
holding of the Shareholder named in 2 above or in respect of a non-beneficial 
interest or in the case of an individual holder if it is a holding of that 
person's spouse or children under the age of 18

Non-beneficial

4)   Name of the registered holder(s) and, if more than one holder, 
the  number of shares held by each of them.

Nominee/Registered Name        Shareholding
Chase Nominees Limited         6,077,566
MSS Nominees Limited           264,600
Chase Manhatten Bank London    102,000
Bank of New York London        1,343,780
J P Morgan                     835,000
Nortrust Nominees Limited      400,000

5)   n/a       Number of shares/amount of stock acquired.

6)   N/A       Of issued Class

7)   406,600   Number of shares/amount of stock disposed

8)   N/A       Of issued Class

9)   25p Ordinary Shares       Class of security

10)  19th May 2003     Date of transaction

11)  19th May 2003 Date company informed

12)  9,022,946 Total holding following this notification

13)  8.74%     Total percentage holding of issued class following this 
                notification

14) Any additional information

15)  Name of contact and telephone number for queries

Mr. Christopher Robert Pirnie
Tel:  0207 930 6255

16)  Name and signature of authorised company official responsible for making 
this notification

CHRISTOPHER ROBERT PIRNIE
-----------------------
Christopher Robert Pirnie
Group Secretariat
Alfred McAlpine PLC

Date of Notification ... May 20, 2003








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