PFI Financial Close

Galliford Try PLC
07 April 2006




                GALLIFORD TRY ANNOUNCES FINANCIAL CLOSE ON £134M
                         
                          HIGHLAND SCHOOLS EDUCATION PFI


Galliford Try plc, the construction and housebuilding group, today announced
financial close on a PFI project for £134 million of construction work to build
eleven new schools in the Highlands of Scotland.

The scheme encompasses five primary schools, three secondary schools, one
combined primary and secondary and a special needs facility. Work will be
carried out over the next three years by Morrison Construction.

The project was at preferred bidder stage on the acquisition of the Morrison
Construction Division by Galliford Try in March.

Greg Fitzgerald, Chief Executive of Galliford Try, commented:

'The successful financial close of the Highland Schools PFI follows closely
behind the £192 million Northamptonshire Schools PFI secured by Galliford Try
last December. We are delighted to be working with the Highland Council to
create buildings that will serve the whole community as well as significantly
enhancing the facilities for education in the Highlands.

As expenditure on education continues to remain a priority, Galliford Try's
track record in the sector, from primary schools through to university
buildings, underlines the Group's presence in this key market sector.'


Enquiries to:

Greg Fitzgerald, Chief Executive Galliford Try plc      01895 855219
Frank Nelson, Finance Director Galliford Try plc        01895 855226
Geoff Callow, Bell Pottinger Corporate & Financial      020 7861 3232
                                  




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