Holding in Company

Grafton Group PLC
31 July 2003

Grafton Group plc



Heron House
Corrig Road
Sandyford Industrial Estate
Dublin 18
Ireland



Tel:      [phone]
Fax:      [phone]
E-mail:   [e-mail]
Web:      www.graftonplc.com




31 July 2003



Re: Holding in Company


A letter from Grafton Group plc dated  31 July 2003 to the Irish Stock Exchange,
received by the Irish Stock Exchange on the 31 July 2003




                          Stock Exchange Notification


AVS Number :
    31 July 2003



                       Notification of Shareholding under

                Chapter 2 of Part 12 of the Companies Act, 1990



Grafton Group plc ('the company') has been informed on 30 July 2003 by Allied
Irish Banks plc ('AIB') of Bank Centre, Ballsbridge, Dublin 4 that AIB and its
subsidiaries no longer has a notifiable interest in the share capital of the
company.





____________________________

Charles Rinn

Secretary







This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange





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