50IE Akademiska.21

RNS Number:7751D
Severn River Crossing PLC
14 November 2002



SEVERN RIVER CROSSING PLC HAS ANNOUNCED THAT IT INTENDS TO IMPLEMENT CHANGES TO
ITS FINANCIAL STRUCTURE IN ANTICIPATION OF THE INTRODUCTION OF VAT ON TOLLS,
EXPECTED TO BE EARLY IN 2003

IN ORDER TO SEEK APPROVAL FROM HOLDERS OF THE COMPANY'S DEBENTURE STOCK, A
CIRCULAR HAS BEEN SENT TO STOCKHOLDERS OUTLINING THE PROPOSAL, INCLUDING THE
BENEFIT FOR THEM THAT WILL ARISE UPON ITS IMPLEMENTATION,  A SIMILAR CIRCULAR
HAS BEEN SENT TO HOLDERS OF THE COMPANY'S ORDINARY AND PREFERENCE SHARES.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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