NHS LIFT Financial Close

Galliford Try PLC
19 July 2004



                   GALLIFORD TRY ACHIEVES FINANCIAL CLOSE FOR
                £32 MILLION NHS LOCAL IMPROVEMENT FINANCE TRUST


Galliford Try plc, the construction and housebuilding group, today announced
that it has entered into a 20 year framework partnering agreement for
construction services with Elevate Partnerships Limited and as part of the
gbconsortium it has achieved financial close on the NHS Local Improvement
Finance Trust (LIFT) for Barnet, Enfield and Haringey.

The first two projects, to be completed by December 2005, are replacement health
centres at Barnet and Edmonton. These projects are part of the first tranche
which covers seven schemes and has a contract value of £32m over a period of
three to four years, with the potential to significantly increase the number of
schemes in further phases.

David Calverley, Chief Executive of Galliford Try, commented:

'We are delighted to be working with Partnerships for Health and the Primary
Care Trusts in the Barnet, Enfield and Haringey NHS LIFT together with our
gbconsortium partners to deliver improved health facilities in the area.

This is our second LIFT project to reach financial close and we are pleased that
our partnership approach has again been a key factor as we grow our business in
the health sector.'

Galliford Try and gbconsortium recently achieved financial close on the
Liverpool and Sefton NHS LIFT and are also preferred bidders for Coventry NHS
LIFT.

Enquiries to:

David Calverley, Chief Executive Galliford Try         01895 855219
Frank Nelson, Finance Director Galliford Try           01895 855226
Ann marie Wilkinson Bell Pottinger Financial           020 7861 3232


Notes:

1.LIFTs (Local Improvement Finance Trusts) are the Government's vehicle for 
  attracting private sector finance and expertise to developing primary care 
  centres. 42 LIFT companies will be set up across the country as joint ventures 
  between Primary Care Trusts (20%), the private sector(60%) and Partnerships 
  for Health (20%) a Government backed organisation leading the roll out of 
  LIFT projects.

2.The gbconsortium comprises Bilfinger Berger, BHE Holdings, Sapphire Primary 
  Care Developments and Galliford Try.

3.The Elevate Partnership comprises gbconsortium (60%), Partnerships for Health 
  (20%), Barnet Primary Care Trust, Enfield Primary Care Trust and Haringey 
  Teaching Primary Care Trust (20% between the three Trusts).




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