Brochure of Particulars

Grafton Group PLC
28 February 2003

FOR IMMEDIATE RELEASE



Grafton Group plc

28 February 2003



GRAFTON GROUP PLC BROCHURE OF PARTICULARS





                         Grafton Group plc ('Grafton')

                             BROCHURE OF PARTICULARS



Grafton Group plc has applied to the Irish Stock Exchange and the UK Listing
Authority for up to 35,276,228 New Grafton Units to be admitted to the Official
List of the Irish Stock Exchange and the UK Listing Authority and application
has been made to the London Stock Exchange for these New Grafton Units to be
admitted to trading on the London Stock Exchange's market for listed securities.
These New Grafton Units are being issued pursuant to the 1 for 5 Rights Issue of
up to 35,276,228 New Grafton Units at €2.00 per New Grafton Unit.



Admission is expected to become  effective and dealings are expected to commence
on a nil paid basis at 8.00 a.m. on 3 March 2003. From 24 March 2003 dealings in
the New Grafton Units will be on fully paid basis.



Enquiries:



Grafton



Colm O'Nuallain, Finance Director         Tel. [phone]


Additional information:



This announcement should be read in conjunction with the full text of the
Listing Particulars dated 5 February 2003. Words and expression defined in the
Listing Particulars shall bear the same meanings in this announcement.



END



This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.




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