Holding in Company

Grafton Group PLC
12 October 2001

Grafton Group Plc

12 October 2001

Re: Holding in Company


A Letter from Grafton Group dated 12 October 2001 to the Irish Stock Exchange,
received by the Irish Stock Exchange 12 October 2001.


                      Notification of Shareholding under

               Chapter 2 of Part IV of the Companies Act, 1990

Grafton Group plc ('the company') has been informed on 12th October 2001 by
Bank of Ireland Asset Management Limited of 26 Fitzwilliam Place Dublin 2 that
it and its subsidiaries had a notifiable interest in 24,532,554 Grafton Units
representing 13.98% of the issued share capital of the company. The Units are
registered in the name of Bank of Ireland Nominees Ltd, as registered owner
only, on behalf of a range of clients who are each the beneficial owner of a
portion of the shareholding.



Charles Rinn

Secretary

Grafton Group Plc