RNS Number:4485T
Cammell Laird Holdings PLC
2 November 2000



                          CAMMELL LAIRD HOLDINGS PLC
                                       
       CONDITIONAL CRUISE SHIP BUILDING CONTRACT WITH LUXUS (UK) LIMITED

Cammell Laird Holdings Plc (the Company) wish to clarify the status of the
aforementioned project following press comment resulting from a meeting
between the Company and the Rt. Hon. Stephen Byers MP, Secretary of State for
Trade and Industry.

Cammell Laird can confirm that a contract has been signed with Luxus (UK)
Limited for the construction of two 28,000 tonne cruise ships. The contract is
conditional on a number of points, the principal ones being the granting, by
the Department of Trade and Industry (DTI), of Shipbuilding Intervention
Funding (SIF) to the Company and of ship mortgage finance guarantees to Luxus
(UK) Limited's bankers.

Applications for the necessary SIF and guarantees have been submitted to the
DTI, and a decision is expected within the month. The Company will make a
further announcement when the outcome of the applications is known.


Enquiries:

Brett Martin, Deputy Chief Executive    Tel no:  020 7831 3113 (02/11/00 only)
Jon Schofield, Finance Director
Cammell Laird Holdings PLC              Tel no:  0151 236 5500

Peter Otero
Financial Dynamics                      Tel no:  020 7831 3113
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