Holding in Company

Grafton Group PLC
18 December 2001


Grafton Group Plc

18 December 2001

Re: Holding in Company

A letter from Grafton Group Plc dated the 17th December 2001 to the Irish
Stock Exchange, received by the Irish Stock Exchange on the 18th December
2001.



Notification of Shareholding under Chapter 2 of Part IV of the Companies Act,
1990

Grafton Group Plc ('the company') has been informed on the 14 December 2001 by
Bank of Ireland Asset Management Limited of 26 Fitzwilliam Place, Dublin 2
that it and its subsidiaries has a notifiable interest in 24,393,418 Grafton
Units representing 13.857% o 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 only of a portion of the shareholding.



Charles Rinn

Secretary

Grafton Group Plc