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VICTORY FOR SHAREHOLDER DEMOCRACY AT HANSON PLC; 'BOWING TO SHAREHOLDER PRESSURE,' MANAGEMENT WITHDRAWS PROPOSALS

 WASHINGTON, June 17 /PRNewswire/ -- The United Mine Workers of America issued the following:
 Bowing to an unprecedented international shareholder effort, the British multinational conglomerate Hanson PLC announced today it was withdrawing all the corporate governance proposals aimed at taking away shareholder rights that were scheduled to be voted on at an extraordinary annual meeting of the company in London on June 25.
 Hanson's withdrawal came after a shareholder campaign led in the United States by the Hanson Independent Shareholders Committee, a committee organized by the United Mine Workers of America (UMWA), and in Britain by the Pensions and Investments Research Consultants (PIRC), a proxy adviser to British public pension funds.
 The organizers of the shareholder campaign hailed their victory. "Hanson's withdrawal of these anti-shareholder proposals is a great victory for shareholders -- it shows that Hanson management cannot run our company like it is their private fiefdom," commented UMWA Secretary- Treasurer Jerry D. Jones.
 Earlier today, major shareholders holding over 230 million shares of Hanson stock announced their opposition to the proposals, including the United Shareholders Association, State of Wisconsin Investment Board, Florida State Board of Investment, the Houston Firefighters Relief and Retirement Fund, British Coal Staff Superannuation Scheme, British Mineworkers Pension Scheme and Scottish Life Assurance Society.
 Additionally, Institutional Shareholder Services, a Washington-based consulting firm providing proxy voting advice to more than 250 institutions in four countries, and Global Proxy Services Corporation, a Boston-based management company exercising proxy voting rights on behalf of 70 institutions which hold foreign equities, have announced their opposition to the proposals.
 The proposals Hanson is withdrawing would have rewritten the company's Articles of Association to limit shareholders' rights to nominate directors, speak at annual meetings, call for votes at meetings and amend meeting agenda items.
 Hanson has stated the extraordinary meeting will still be held on June 25, but the agenda will be limited to items unrelated to governance issues, and that another extraordinary meeting will be held in July to consider plans for a scrip dividend. Both the UMWA and PIRC stated they would be monitoring the agendas of both meetings to ensure that the company did not again attempt to infringe on shareholders' rights.
 -0- 6/17/93
 /CONTACT: Jim Grossfeld, 202-842-7240, or Kenneth Zinn, 202-842-7284, both of the United Mine Workers of America/


CO: United Mine Workers of America; Hanson PLC; Pensions and
 Investments Research Consultants ST: District of Columbia IN: MNG SU:


DC-MH -- DC020 -- 3140 06/17/93 13:32 EDT
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Date:Jun 17, 1993
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