Holding(s) in Company

Grafton Group PLC
15 March 2002


Grafton Group Plc

15 March 2002

Re: Holding in Company


A Letter from Grafton Group dated 13 March 2002 to the Irish Stock Exchange,
received by the Irish Stock Exchange 15 March 2002.


                       Notification of Shareholding under

                Part VI of the Companies Act, 1985 (as amended)

Grafton Group plc (the company) has been informed on 14th March 2002 by M&G
Investment Management Limited of Laurence Poutney Hill, London EC4R OHH that M&G
investment Fund (3) has a notifiable interest in 5,500,000 shares representing
3.12% of the issued share capital of the company. The registered holder of the
shares is Clydesdale Bank (Head Office) Nominees Limited MGG Account, 30 St.
Vincent Place, Glasgow, G1 2HL.


Charles Rinn

Secretary

Grafton Group Plc


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