Transition to IFRS

Boot(Henry) PLC
07 September 2005


Transition to IFRS

As announced on Wednesday 31st August 2005, Henry Boot PLC will announce its
Interim Results for the half year ended 30th June 2005 under International
Financial Reporting Standards (IFRS) (in accordance with International
Accounting Standard 34 (Interim Financial Reporting)) on Wednesday 21st
September 2005.

Later today, shareholders will be sent a document setting out the restatement of
results for the half year ended 30th June 2004 and for the year ended 31st
December 2004 in accordance with IFRS to assist understanding of the transition
from previously adopted UK Generally Accepted Accounting Principles (UK GAAP).
The document states that the most significant areas of change and their impact
on the 2004 financial statements set out in the 2004 Annual Report are
summarised as follows:
                                                                        
                                               Profit                      
                                     IAS       Before      Basic           Net
                                     Ref          Tax        EPS        Assets
                                                £'000      pence         £'000

UK GAAP                                        15,857       62.1       132,401

Pensions                          IAS 19       (1,190)      (4.7)      (22,706)
Fair value of investment
   properties                     IAS 40        9,448       37.0        (2,646)
Dividends                         IAS 10            -          -         3,070
Hedge Reserve                     IAS 39            -          -          (971)
Others net    IAS 1;IFRS 2;IAS 17;IAS 40         (910)      (3.5)           28
                                               -------    -------      --------
IFRS                                           23,205       90.9       109,176
                                               -------    -------      --------

To explain the impact of the adoption of IFRS on the group's financial position
and performance, the document includes the following schedules (together with
associated notes) with reconciliations from UK GAAP to IFRS:

Group Consolidated Balance Sheet at 1st January 2004 (the transition date);
Group Consolidated Income Statement for the half year ended 30th June 2004;
Group Consolidated Balance Sheet at 30th June 2004;
Group Consolidated Income Statement for the year ended 31st December 2004;
Group Consolidated Balance Sheet at 31st December 2004.

The document also sets out the IFRS 1 (First-time Adoption of International
Financial Reporting Standards) exemptions and the principal Accounting Policies
adopted in the preparation of the group's financial statements.

A copy of the document has been submitted to the UK Listing Authority and will
be available from today, Wednesday 7th September 2005, at the UK Listing
Authority's Document Viewing Facility, which is situated at:

The Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel. [phone].

A copy of the document will also be available at the company's website at
www.henryboot.co.uk. just after this announcement has been made.

End



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