Trading Statement

Galliford Try PLC
08 July 2004


                                GALLIFORD TRY PLC
                                 TRADING UPDATE

Galliford Try plc is providing the following update to trading for the year to
30 June 2004 prior to entering its close period.

Current Trading

Based on its current performance Galliford Try expects to report full year
profits substantially ahead of last year and in line with market expectations.

Construction

The construction division continues to make its planned improvement in margins
and to secure work in its chosen markets.

Collaborative working with the public and regulated sectors is now a significant
element of our business. Work under our framework agreement with Scottish Water
is increasing significantly, and we are pursuing opportunities for the next
phase of capital works programmes (AMP4) for a number of water utilities. During
the year several education projects were secured and we are currently on the
final shortlist for further multi school PFI projects. We have also been awarded
the first contract to be let under the Government's 'Building Schools for the
Future' initiative, at Kingsdale School in Southwark.

In the health sector we recently announced financial close of the £60 million
NHS Local Improvement Finance Trust (LIFT) project for Liverpool and Sefton
Health Partnership and the associated 20 year construction services framework
agreement. We are working towards financial close of the Barnet, Enfield and
Haringey LIFT which has an initial contract value of £32 million and on the £42
million LIFT for the Coventry Primary Care Trust.

The current order book stands at £634 million with the business targeted on
markets that are both growing and able to provide sustainable margins.

Housebuilding

Completions for the year were slightly ahead at 761 on an average selling price
up circa 10% to £220,000. We took advantage of strong markets in the last six
months and enter the new financial year with a record forward order book of £74
million, representing 35% of planned sales compared to 20% at the same stage for
the previous year.

Although we anticipate house price inflation slowing, the restriction of supply
through the planning process, together with sustainable employment levels and
continued affordability for new homes, will continue to underpin the market. Our
strategy is to continue to focus on the mainstream market which we expect to
provide good opportunities.

Preliminary Results

The preliminary results for the year to 30 June 2004 are expected to be
announced on Thursday 9 September 2004.



Further enquiries to:

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



                      This information is provided by RNS
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