RNS Number:4753S
McAlpine (Alfred) PLC
25 November 2003


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

 1. Name of company

ALFRED McALPINE plc


 2. Name of shareholder having a major interest:

FIDELITY INTERNATIONAL LIMITED (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

Chase Nominees Limited: 2,691,206
MSS Nominees Limited: 264,600
Bank of New York London: 888,180
JP Morgan: 670,000
Northern Trust: 300,000

5. Number of shares / amount of stock acquired
N/A

6. Percentage of issued class
N/A

7. Number of shares / amount of stock disposed
1,247,776

8. Percentage of issued class
1.23%

9. Class of security
ORDINARY SHARES OF 25p EACH

10. Date of transaction
NOT SPECIFIED

11. Date company informed
24 NOVEMBER 2003

12. Total holding following this notification
4,813,986

13. Total percentage holding of issued class following this notification
4.74%

14. Any additional information
NONE

15. Name of contact and telephone number for queries
CAROLINE HIGGINS
020 7930 6255

16. Name and signature of authorised company official responsible for making
this notification
CAROLINE HIGGINS (Deputy Group Secretary)



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