50IE Akademiska.21

RNS Number:8481E
Severn River Crossing PLC
9 December 2002


FOLLOWING A MEETING OF STOCKHOLDERS HELD ON 6TH DECEMBER 2002, SEVERN RIVER
CROSSING PLC IS PLEASED TO ANNOUNCE THAT STOCKHOLDERS HAVE APPROVED THE
RESOLUTIONS SET OUT IN THE CIRCULAR SENT TO THEM ON 13TH NOVEMBER, 2002. THE
RESOLUTIONS ARE IN CONNECTION WITH PROPOSED CHANGES TO THE COMPANY'S FINANCIAL
STRUCTURE IN ANTICIPATION OF THE INTRODUCTION OF VALUE ADDED TAX ON TOLLS, WHICH
IS EXPECTED TO TAKE PLACE EARLY IN 2003.

THE COMPANY'S PREFERENCE SHAREHOLDERS HAVE ALSO APPROVED A RESOLUTION IN
CONNECTION WITH THE PROPOSED CHANGES TO THE COMPANY'S FINANCIAL STRUCTURE.


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