RNS Number:7554A
Cammell Laird Holdings PLC
20 March 2001




Date:          For immediate release, Tuesday 20 March 2001



                   Cammell Laird appoints financial advisor

Cammell Laird Holdings PLC ("Cammell Laird"), the international marine
services company, today announced that it has appointed Close Brothers and its
US partner Houlihan Lokey as financial advisors.

Close Brothers and Houlihan Lokey will undertake a review of strategic
alternatives for the Cammell Laird Group including, inter alia, the raising of
finance, strategic alliances and the possible restructuring of principal and
interest on Cammell Laird's bonds.

An announcement regarding the outcome of this review is anticipated ahead of
Cammell Laird's year end, 30 April 2001.

Jon Schofield, Acting Chief Executive commented:

"The last four months have been a difficult time for the Group. However, we
remain confident in the underlying strength of our core business and convinced
that we can continue to develop a high quality business in ship repair,
conversion and specialist newbuild."

                                   - ENDS -

Enquiries:
Jon Schofield, Acting Chief Executive      Peter Marshall, Director

Brett Martin,                              Close Brothers   Tel: 020 7655 3100
Corporate Development Director                                                  


Cammell Laird           Tel: 0151 236 5500

Peter Otero                                Joseph Swanson, Director

Financial Dynamics      Tel: 020 7831 3113 Houlihan Lokey   Tel: 020 7655 3100
                                                              





Close Brothers Corporate Finance Limited, which is regulated in the United
Kingdom by The Securities and Futures Authority Limited, and Houlihan Lokey
Howard & Zukin are acting exclusively for Cammell Laird and no-one else in
connection with the matters referred to in this announcement and will not be
responsible to anyone other than Cammell Laird for providing the protections
afforded to customers of Close Brothers Corporate Finance Limited and Houlihan
Lokey Howard & Zukin or for providing advice in relation to any matter
referred to herein.

Notes to Editors

Close Brothers and Houlihan Lokey formed a strategic alliance in 2000 to
better provide their clients with a comprehensive international service. Close
Brothers provides independent corporate finance advice to companies covering
mergers and acquisitions, financial restructuring and debt and equity fund
raising. Close Brothers has advised on over 350 acquisitions or disposals in
the last 10 years. Houlihan Lokey is an international investment banking firm
headquartered in Los Angeles, California. During the past 25 years, Houlihan
Lokey has served more than 5,000 clients from its nine offices across North
American and two offices in Asia. In the last decade Houlihan Lokey Howard &
Zukin's professionals have consummated over $40 billion in financial
restructuring transactions.

Definitions:

Close Brothers                  Close Brothers Corporate Finance Limited

Houlihan Lokey                  Houlihan Lokey Howard & Zukin Capital

Cammell Laird or the Group      Cammell Laird Holdings PLC
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