MGNS Morgan Sindall Group Plc

RNS Number:9124M
Morgan Sindall PLC
12 November 2001



Morgan Sindall plc

                     ("Morgan Sindall" or  "the Company")


           Strategic restructure of regional construction division


Morgan Sindall, the construction brands group, announces that its regional
construction division, comprising six geographic brands purchased over the
last seven years, are to be merged into one new company, to be branded
Bluestone plc.  This is the next phase in the development of its regional
construction division that last year had a turnover of #317 million and
operating profits of #3.1 million.



Bluestone plc will commence trading 1 January 2002 and will, in common with
Morgan Sindall's other operating divisions, be a national business with
localised management and profit centres. The business, headed by Chris Saxton,
will be in a position to respond more effectively to client demand enabling
partnership relationships to operate countrywide. The new operational
structure will enable the division to better punch its weight and drive
performance.



This strategic move will have no exceptional restructuring costs. Whilst there
may be geographical redeployment in overall terms, the changes will enable the
division to continue its exciting growth with greater consistency of
performance.



John Morgan, Executive Chairman of Morgan Sindall, commented:



"We operate in a dynamic market.  Our decision to consolidate our construction
brands into one business, Bluestone, has been driven by both our determination
to improve the financial performance of this division and to provide the best
service to our clients."



                                                              12 November 2001



Enquiries:

Morgan Sindall                                    Tel: 020 7307 9200
John Morgan, Executive Chairman
John Bishop, Finance Director

College Hill                                      Tel: 020 7457 2020
Kate Pope/Matthew Smallwood

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