Interim Management Statement

Galliford Try PLC
09 November 2007




                               GALLIFORD TRY PLC
                          INTERIM MANAGEMENT STATEMENT
               For the period from 1 July 2007 to 9 November 2007


Galliford Try plc, the construction and housebuilding group, is publishing its
first Interim Management Statement as required by the revised Listing Authority
disclosure rules, in advance of its annual general meeting being held today:

We made significant progress during the year to 30 June 2007. We produced record
financial results and made good progress in developing our affordable housing
and regeneration business following the acquisition of Linden Homes. We
consolidated our position as a major construction force in the building and
infrastructure markets, and joined the FTSE 250 Index for the first time.

Since the start of our new financial year the Group has traded in line with the
board's expectations. The Group's cash position remains strong, with excellent
cash flows from our construction businesses, and average net debt to date well
below the £99 million reported at 30 June. The integration of Linden Homes
continues to go well, and we are on track to deliver higher synergy savings than
forecast at acquisition.

Our construction activities continue to perform well in good markets. We are
carrying out a significant amount of work from our long term frameworks,
particularly those in the water sector, and are over half way through our major
multi-school PFI education projects. Our total construction order book currently
stands at £2.0 billion, with 95% of our anticipated revenue for the current
financial year secured.

Having achieved financial close on the South East Essex LIFT since the beginning
of the financial year, which is expected to generate up to £100 million of
construction work, our PPP Investments business is shortly expected to achieve
financial close of the £32 million St Andrews health centre for NHS Fife. We
have a number of further projects in earlier stages of the private finance
initiative process including being shortlisted for the major Building Schools
for the Future project in Birmingham.

We have made significant further progress in the affordable housing and
regeneration sector where our ability to transfer our construction and
housebuilding skills to large schemes gives us a competitive edge. We were
delighted to announce in October our appointment as preferred bidder for the
first major net zero carbon development in the UK with an 800 homes scheme at
Chichester, taking the total of major regeneration schemes on which we are
working to eight, six of them with English Partnerships.

Our housebuilding business made a good start to the financial year with record
sales carried forward and an encouraging level of sales during July and August.
However, the succession of interest rate rises and the impact on consumer
confidence as a result of the turbulence in the financial markets during
September has led to a more difficult market during the autumn selling season.
We have benefited from our policy of forward selling, our continued
concentration on individually designed developments and minimum exposure to
consortium sites, as well as our geographic spread across the south and east of
the country, all of which have lessened the overall effect on our sales.

Our housebuilding sales value either reserved, contracted or completed currently
totals £380 million. This represents 60% of our total projected sales for the
financial year, compared to 58% at the same stage last year.

The board believes that, notwithstanding the tougher housing market, its
business model will serve it well during the current period. The Group is making
excellent progress in affordable housing and regeneration, and its strength in
the construction market, particularly in the public and regulated sectors,
continues to generate good opportunities for growth.

The board continues to be confident on the future prospects for the Group.


For further enquiries, please contact:

Greg Fitzgerald, Chief Executive    Galliford Try plc           01895 855219
Frank Nelson, Finance Director      Galliford Try plc           01895 855226
Ann marie Wilkinson/Dan de Belder   Bell Pottinger              020 7861 3232
                                    Corporate & Financial  



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