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RNS Number:3456B
Charlton Athletic PLC
29 March 2001




Charlton  Athletic Plc ("the Company") announces  its  contract
for the North Stand redevelopment.


The  Company announces that it has entered into a contract with
Birse Construction Limited to build the new North Stand at  The
Valley,  the home of Charlton Athletic football club.  Work  is
expected  to  commence shortly and the new stand will  increase
the total capacity of The Valley to approximately 26,000.

The  expected  cost is #9 million. The funding of  the  project
will  come  from a mixture of the following sources of  capital
that will be available to the Company:

-    an issue of long term subscription packages to supporters;
-    potential development grants;
-    the Company's working capital; and
-    a commercial mortgage.

The  increased capacity of the new north stand is  expected  to
serve  the  demand  from supporters of the football  club.  The
financial  benefits to the company are expected to be increased
gate receipts, hospitality income and advertising.

Richard Murray, Chairman commented:

"Charlton are historically and currently the biggest club south
of  the  Thames.  Today's announcement is about  securing  that
status for the foreseeable future.

We  have  been locking thousands of our supporters out  of  The
Valley  for the past three seasons and we could not allow  that
to continue.

We  have no doubt that we can sell out the enlarged stadium and
that the club has a very bright future."

Enquiries

Richard Murray, Chairman
Nigel Capelin, Finance Controller

Charlton Athletic Plc
Tel: 020 8333 4000

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