15 May 2003

                            CHRISTIAN SALVESEN PLC                             

                      UNSOLICITED EXPRESSION OF INTEREST                       

In response to speculation in the press the board of Christian Salvesen (the
"Company") confirms that it has received an unsolicited preliminary expression
of interest from a financial buyer regarding a possible offer for the Company.
The board will keep the market informed of any further developments.

Enquiries:

Hogarth Partnership Limited       020 7357 9477                          
John Olsen                                                               
Tom Leatherbarrow                                                        



END