Grant of Share Options

Grafton Group PLC
22 October 2003


                                 SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

AVS NO

All relevant boxes should be completed in block capital letters.

   1.  Name of company                   2.  Name of director

       Grafton Group plc                     Colm o Nuallain

   3.  Please state whether              4.  Name of the registered holder(s)
       notification indicates that it        and, if more than one holder, the
       is in respect of holding of the       number of shares held by each of
       shareholder named in 2 above or       them (if notified)
       in respect of a non-beneficial
       interest or in the case of an
       individual holder if it is a
       holding of that person's spouse
       or children under the age of 18
       or in respect of an
       non-beneficial interest
 
       Holding of Director                   Colm o Nuallain

   5.  Please state whether              6.  Please state the nature of the
       notification relates to a person      transaction. For PEP transactions
       (s) connected with the director       please indicate whether general/
       named in 2 above and identify         single
       the connected person(s)               co PEP and if discretionary/non
                                             discretionary/non discretionary

       N/A                                   Grant of Share Options

   7.  Number of shares  8.  Percentage  9.  Number of       10.  Percentage of
       /amount of stock      of issued       shares/amount        issued class
       acquired              class           of stock
                                             disposed

 
  11.  Class of         12.  Price per    13.  Date of         14.  Date company
       security              share             transaction          informed



  15.  Total holding following this       16.  Total percentage holding of
       notification                            issued class following this
                                               notification

If a director has been granted options by the company please complete the
following boxes.

 17.  Date of grant                    18.  Period during which or date on
                                            which exercisable

      20 October 2003                       October 2008 to October 2013
 
 19.  Total amount paid (if any) for   20.  Description of shares or debentures
       grant of the option                  involved: class, number

       €160                                 160,000 Grafton Units
 
  21.  Exercise price (if fixed at time 22.  Total number of shares or
       of grant) or indication that          debentures over which options held
       price is to be fixed at time of       following this notification
       exercise

       €5.45                                 839,122
 

 23.  Any additional information       24.  Name of contact and telephone
                                            number for queries

                                            Charles Rinn 353 1 216 0600

  25.  Name and signature of authorised company official responsible for making
       this notification

       Charles Rinn

Date of notification 21 October 2003



                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

AVS NO

All relevant boxes should be completed in block capital letters.

   1.  Name of company                   2.  Name of director

       Grafton Group plc                     Charles Rinn - Secretary

   3.  Please state whether              4.  Name of the registered holder(s)
       notification indicates that it        and, if more than one holder, the
       is in respect of holding of the       number of shares held by each of
       shareholder named in 2 above or       them (if notified)
       in respect of a non-beneficial
       interest or in the case of an
       individual holder if it is a
       holding of that person's spouse
       or children under the age of 18
       or in respect of an
       non-beneficial interest

       Holding of Secretary                  Charles Rinn

   5.  Please state whether              6.  Please state the nature of the
       notification relates to a person      transaction. For PEP transactions
       (s) connected with the director       please indicate whether general/
       named in 2 above and identify         single
       the connected person(s)               co PEP and if discretionary/non
                                             discretionary/non discretionary

       N/A                                   Grant of Share Options

   7.  Number of shares  8.  Percentage  9.  Number of       10.  Percentage of
       /amount of stock      of issued       shares/amount        issued class
       acquired              class           of stock
                                             disposed


  11.  Class of         12.  Price per    13.  Date of         14.  Date company
       security              share             transaction          informed


  15.  Total holding following this       16.  Total percentage holding of
       notification                            issued class following this
                                               notification


If a director has been granted options by the company please complete the
following boxes.

  17.  Date of grant                    18.  Period during which or date on
                                             which exercisable

       20 October 2003                       October 2008 to October 2012

  19.  Total amount paid (if any) for   20.  Description of shares or debentures
       grant of the option                   involved: class, number

       €80                                   80,000 Grafton Units

  21.  Exercise price (if fixed at time 22.  Total number of shares or
       of grant) or indication that          debentures over which options held
       price is to be fixed at time of       following this notification
       exercise

       €5.45                                 371,852


  23.  Any additional information       24.  Name of contact and telephone
                                             number for queries
 
                                            Charles Rinn 353 1 216 0600

  25.  Name and signature of authorised company official responsible for making
       this notification

       Charles Rinn

Date of notification 21 October 2003




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