Holding in Company

Grafton Group PLC
26 February 2008


TR - 1: Notification of Major Interests in Shares


1     Identity of the issuer or the underlying issuer of     Grafton Group plc
      existing shares to which voting rights are attached:


2     Reason for the notification (please place an X inside the appropriate box):


      An acquisition or disposal of voting rights


      An acquisition or disposal of financial instruments which may result in the acquisition of
      shares already issued to which voting rights are attached
      An event changing the breakdown of voting rights


      Other (please specify)                                                                         X
      •                Compliance with Transparency (Directive 2004/109/EC) Regulations 2007


3     Full name of person(s) subject to notification         Fundamental Investors, Inc
      obligation:
4     Full name of shareholders(s) (if different from 3):    N/A
5     Date of transaction (and date on which the threshold   13 June 2007
      is crossed or reached if different):
6     Date on which issuer notified:                         25 February 2008
7     Threshold(s) that is/are crossed or reached:           3%
8     Notified Details:
      A: Voting Rights attached to shares




      Class/type of   Situation previous to  Resulting situation after the triggering transaction
      shares (if      the Triggering
      possible using  transaction
      ISIN CODE)



                      Number of  Number of   Number of     Number of Voting Rights   % of Voting Rights
                      shares     Voting      shares
                                 Rights      Direct        Direct        Indirect    Direct    Indirect
      (Units          9,500,000  9,500,000   9,500,000     9,500,000     Nil         3.973%    Nil

      IE00B00MZ448)


      SUBTOTAL A      9,500,000  9,500,000   9,500,000             9,500,000         3.973%
      (based on
      aggregate
      voting rights)
      B: Financial Instruments


      Resulting situation after the triggering transaction
      Type of financial     Expiration date      Exercise/Conversion No. of voting rights   % of voting
      instrument                                 period              that may be acquired   rights
                                                                     (if the instrument
                                                                     exercised/converted)


      N/A
      TOTAL (A + B)
      Number of voting rights                                % of voting rights


      9,500,000                                              3.973%


9     Chain of controlled undertakings through which the voting rights and/or the financial instruments
      are effectively held, if applicable:
      Name of Company/Fund             No. of shares                        % of issued Class of Security
                                                                          share capital
      N/A

Proxy Voting


10    In case of proxy voting: (name of proxy holder) will cease to hold (number) voting rights as of
      (date). N//A


11    Additional information                                 Done at Los Angeles, California on 22
                                                             February 2008






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