Rejection of Approach

Galliford Try PLC 30 September 2003 GallifordTry plc Rejection of Approach from Rok property solutions plc (Rok) The board of GallifordTry plc (GallifordTry) notes the recent press article linking Rok and GallifordTry. The board of GallifordTry confirms that it received an indicative proposal from Rok to acquire GallifordTry at a price of 51p per share, satisfied as to GBP25 million in new Rok shares and the balance in cash. Rok indicated it would be prepared to offer an underwritten cash alternative for the share portion of the consideration. Rok's proposal was subject to a number of material pre-conditions including due diligence and financing. The board does not believe that this proposal could be recommended as it significantly undervalues GallifordTry. Accordingly the proposal has been rejected. Enquiries: David Calverley Tel: 01895 855 001 This information is provided by RNS The company news service from the London Stock Exchange
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