RNS Number:2398P
McAlpine (Alfred) PLC
01 September 2003


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1. Name of company

ALFRED McALPINE PLC


2. Name of director

IAN MICHAEL GRICE


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 or in respect of a non-beneficial
interest

Named in 2 above


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

N/A


5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

N/A


6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

GRANT OF SAYE OPTION


7. Number of shares / amount of stock acquired

N/A


8. Percentage of issued class

N/A


9. Number of shares/amount of stock disposed

N/A


10. Percentage of issued class

N/A


11. Class of security

N/A


12. Price per share

N/A


13. Date of transaction

N/A


14. Date company informed

N/A


15. Total holding following this notification

20,241 ORDINARY SHARES OF 25p EACH


16. Total percentage holding of issued class following this notification

0.0199%


If a director has been granted options by the company please complete the
following boxes.


17. Date of grant

27 AUGUST 2003


18. Period during which or date on which exercisable

1 NOVEMBER 2008 - 30 APRIL 2009


19. Total amount paid (if any) for grant of the option

NIL


20. Description of shares or debentures involved: class, number

4,414 ORDINARY SHARES OF 25p EACH


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

228p


22. Total number of shares or debentures over which options held following this
notification

SAYE 19,284;   RESTRICTED SHARE PLAN  437,785


23. Any additional information




24. Name of contact and telephone number for queries

CAROLINE HIGGINS   (020 7766 0911)


25. Name and signature of authorised company official responsible for making
this notification

CAROLINE HIGGINS, DEPUTY GROUP SECRETARY


Date of Notification

1 SEPTEMBER 2003


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for loss of business or loss of profits) arising in contract, tort or otherwise
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it, or from any action or decision taken as a result of using this document or
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