Result of Placing/Open Offer

Galliford Try PLC
02 March 2007


                               Galliford Try plc

                       ('Galliford Try' or 'the Company')


                  Proposed Acquisition of Linden Holdings PLC

                       and Related Placing and Open Offer

           of 100,230,056 New Ordinary Shares at 150 pence per share

                       Results of Placing and Open Offer

On 8 February 2007 the Company announced a Placing and Open Offer of 100,230,056
New Ordinary Shares at an issue price of 150 pence per share to raise 
£144.3 million (net of expenses) in order, inter alia, to finance the proposed 
acquisition of Linden Holdings PLC ('Linden'). The Placing and Open Offer have 
been fully underwritten by KBC Peel Hunt.

Under the terms of the Placing Agreement, KBC Peel Hunt has conditionally placed
firm the Placing Shares with institutional investors and has conditionally
placed the Open Offer Shares subject to clawback to satisfy valid applications
from Qualifying Shareholders under the Open Offer, at the Open Offer Price.
Qualifying Shareholders were invited to subscribe for Open Offer Shares on the
basis of 2 Open Offer Shares for every 11 existing Ordinary Shares held.

As a result of the Open Offer which closed at 11.00 a.m. on 2 March 2007, valid
applications have been received in respect of 65,630,822 shares (representing 
approximately 133 per cent. of the 49,350,302 Open Offer Shares available 
under the Open Offer). This amount includes applications from certain existing 
shareholders for 16,280,520 Open Offer Shares in excess of their pro rata 
entitlement. As applications exceed the amount of Open Offer shares available 
under the Open Offer, excess applications will be scaled back pro rata.

The Placing and Open Offer remain conditional, inter alia, upon the Resolutions 
to be proposed at the Company's Extraordinary General Meeting to be held at 
10.00 a.m on 5 March 2007 being duly passed and admission of the New Ordinary 
Shares to trading on the London Stock Exchange and listing on the Official List 
of the UK Listing Authority becoming effective.

The New Ordinary Shares, when issued and fully paid, will rank pari passu with 
the Existing Ordinary Shares in all respects, except that they will not be 
subject to the interim dividend announced in the interim results on 8 February 
2007. Subject to the passing of the Resolutions at the Extraordinary General 
Meeting, Admission of the New Ordinary Shares is expected to become effective 
on 6 March 2007. Completion of the acquisition of Linden is also expected to 
take place on 6 March 2007.

The definitions used in this announcement shall have the same meaning given to 
them in the Prospectus dated 8 February 2007.


Enquiries:

Galliford Try plc
Greg Fitzgerald, Chief Executive                     [phone]                                
Frank Nelson, Finance Director                       [phone]
                                                                         
PricewaterhouseCoopers LLP (Financial Adviser)
Gerry Young                                          [phone]      
Ruben Baskaran                                       [phone]
                                                                            
KBC Peel Hunt (Broker and Underwriter)
Simon Hayes                                          [phone]                                         
Julian Blunt                                         [phone]                          

Bell Pottinger Corporate & Financial (PR adviser)
Ann-marie Wilkinson                                  [phone]
Geoff Callow                                         [phone]
                                                                            

PricewaterhouseCoopers LLP, which is authorised and regulated in the United
Kingdom by the Financial Services Authority for designated investment business,
is acting exclusively for Galliford Try plc and for no one else in relation to
the Acquisition and the Placing and Open Offer and will not be responsible to
anyone other than Galliford Try plc for providing the protections afforded to
clients of PricewaterhouseCoopers LLP or for giving advice in relation to the
Acquisition, the Placing and Open Offer, or any other matter referred to in this
announcement.


KBC Peel Hunt Ltd, which is regulated in the United Kingdom by the Financial
Services Authority, is acting as corporate broker to Galliford Try plc in
relation to the Placing and Open Offer and is not acting for any other person
and will not be responsible to any other person for providing the protections
afforded to customers of KBC Peel Hunt Ltd nor for advising them on the contents
of this announcement or any other matter referred to in this announcement.




                      This information is provided by RNS
            The company news service from the London Stock Exchange