Holding in Company

Grafton Group PLC
06 December 2007


TR - 1: Notification of Major Interests in Shares


1     Identity of the issuer or the underlying issuer  Grafton Group plc
      of 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                                                    X


      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)


3     Full name of person(s) subject to notification   Irish Life Investment Managers as agent
      obligation:
4     Full name of shareholders(s) (if different from  Discretionary clients
      3):
5     Date of transaction (and date on which the       30 November 2007
      threshold is crossed or reached if different):
6     Date on which issuer notified:                   3 December 2007
7     Threshold(s) that is/are crossed or reached:     3%
8     Notified Details:
      A: Voting Rights attached to shares




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


                   Number of   Number of Number of  Number of Voting Rights         % of Voting Rights
                   shares      Voting    shares
                               Rights    Direct     Direct          Indirect        Direct     Indirect
      B00NKF3      6,908,657   6,908,657



      B00NKF3                            7,058,657  7,058,657                       3.02%


      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


      7,058,657                                        3.02%


9     Chain of controlled undertakings through which the voting rights and/or the financial instruments
      are effectively held, if applicable:
      N/A


Proxy Voting
10    Name of proxy holder                             N/A
11    No of voting rights proxy holder will cease to   N/A
      hold
12    Date on which proxy holder will cease to hold    N/A
      voting rights
13    Additional information
14    Contact name
15    Contact telephone number






























This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.






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