RNS Number:6840P
McAlpine (Alfred) PLC
11 September 2003



ALFRED McALPINE PLC



On 11 September 2003, Mr I M Grice was awarded Initial Award Shares under the
terms of the Company's Restricted Share Plan (a long-term incentive plan) as
follows:

                Number of                       Normal earliest
                Initial Award     Price per     date of
Name            Shares            Share         vesting

Mr I M Grice    23,917            309.4p        11 September 2006


The award represents a deferred right to receive ordinary shares in the capital
of Alfred McAlpine PLC subject to the satisfaction of performance requirements
and achievement of specified shareholders returns.






For further information, please contact:


Garry Forster, Group Company Secretary


Alfred McAlpine PLC     Tel:  020 7930 6255







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

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