Re: Planning Consent

Grainger PLC
03 July 2007

3 July 2007

                           Grainger plc ("Grainger")

                     GRAINGER SECURES PLANNING CONSENT FOR
                        MAJOR HAMPSHIRE MIXED-USE SCHEME

Grainger plc, the UK's largest quoted residential property owner, is pleased to
announce today that it has obtained outline planning consent for a major
mixed-use development to be known as Newlands Common, which will create a high
quality and sustainable extension to the west of Waterlooville in Hampshire.

The outline planning consent provides for the development of 100,000 sq m (1 m
square feet) of commercial space and 1,550 new homes on the 132 ha development.
40% of the new homes will be affordable.  There is also provision for a further
1,000 residential units to be added to the urban extension in the future.

Following approval of the outline scheme, Grainger is set to commence the
detailed design of the first phases, and aims to submit a detailed planning
application together with a design guide later this year.  It is anticipated
that Grainger's investment, including the original acquisition of the land,
infrastructure costs and s106 requirements will be up to £100 million.

The development incorporates sustainability at its core and will provide the
opportunity for a new life-style for occupants. It is the first UK scheme to
have a major SUDS (Sustainable Urban Drainage Scheme), to use shared spaces
(giving pedestrians priority over cars) and to ensure the retention and
enhancement of the land's existing hedgerows, woodland and conservation meadows.
The River Wallington is also being de-canalised and naturalized; a scheme the
Environment Agency and Portsmouth University are championing as exemplar.

Grainger will create a new management company for the development, which will
provide a full range of community and maintenance services for residents.

Rupert Dickinson, Chief Executive of Grainger, commented:

"Grainger is delighted to have obtained this important consent and are excited
to be spearheading such a significant project.  Newlands is set to become an
exemplar of a truly sustainable, fully integrated and forward thinking new
community."

For further information:

Grainger plc:
Rupert Dickinson                                  Tel: [phone]
Andrew Cunningham                                 Tel: [phone]

Financial Dynamics:
Stephanie Highett / Dido Laurimore                Tel: [phone]


Notes to Editors:

Grainger, the UK's largest quoted residential property investor, acquired 599
acres of land near West Waterlooville, Hampshire, from a private individual in
May 2005.

The land, which was acquired for £20m, is included in the West of Waterlooville
Major Development Area and the newly consented scheme will include:


•    1550 residential dwellings (40% of which are affordable)
•    85 live/work units
•    12.5 hectares of employment land (B1, B2 & B8)
•    Mixed use land - 7.19 hectares of commercial (B1, B2 and B8)
•    A three form entry primary school
•    A local Centre, including shop/s, community centre, pub and retirement
•    village
•    Land for allotments
•    Land for a cemetery
•    An area of Common parkland
•    Recreation and play areas
•    Three vehicular access points to the Town Centre or Waterlooville
•    Pedestrian and cycle crossing points.


                      This information is provided by RNS
            The company news service from the London Stock Exchange