Disposal

Gleeson(M J)Group PLC
30 June 2006


                

                             M J GLEESON GROUP PLC                              

                   £3.0m disposal of Concrete Repairs Limited                   

As part of the implementation of its strategic review, Gleeson announces the
divestment of its subsidiary, Concrete Repairs Limited, for a cash consideration
of £3.0m.

Concrete Repairs is being acquired by its management through a specifically
created company called Rangelast Limited. Concrete Repairs will continue to be
led by Tony Rimoldi, the current Managing Director.

Concrete Repairs is a specialist structural renovation business and one of the
longest established contractors in the sector, with a strong reputation for its
technical expertise. The business is based at Mitcham, Surrey and all 200
employees will be transferring with Concrete Repairs.

In connection with the divestment, Gleeson has sold freehold premises occupied
by Concrete Repairs Limited at Cathite House, 21 to 23 Willow Lane, Mitcham,
Surrey to Standmark Limited, a company owned by the four directors of Concrete
Repairs, for a cash consideration of £0.6 million, exclusive of VAT.
 

Enquiries :

M J Gleeson Group plc                                         020-8644 4321
 Terry Massingham (Chief Executive)
 Paul Wallwork (Finance Director)

Close Brothers Corporate Finance Limited
 Peter Alcaraz                                                020-7655 3139

Bankside Consultants Limited
 Charles Ponsonby                             020-7367 8851 / 07789-202 312

 



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