Pre-close Statement

Gleeson(M J)Group PLC
01 July 2005


                             M J GLEESON GROUP PLC

                              PRE-CLOSE STATEMENT

The Board of MJ Gleeson Group plc announces that the trading performance in its
core operations - housebuilding, civil engineering and property - remained
strong in the second half of the year to 30 June 2005.

Discussions are at a very advanced stage regarding the management buy-out of the
building division (the 'MBO') and an announcement is expected to be made
shortly.

In the Interim Announcement of 22 March 2005, it was reported that the losses in
the building division for the first half of the year were £16.6 million.
However, further substantial potential losses have been identified on a number
of recently completed contracts for which the final accounts have not been
settled. Provision for these losses will be made in the Group results for the
year to 30 June 2005. On the assumption that the MBO proceeds, the building
division will be classified as a discontinued operation and the losses incurred
will be treated as exceptional in the Group accounts.

For the year to 30 June 2005, Group profit before exceptional costs relating to
the building division is expected to be well ahead of market expectations.
However, after these exceptional costs, the result is expected to be
significantly below expectations. The losses in the building division, combined
with restructuring costs, are likely to result in a modest reduction in the
overall net assets of the Group at 30 June 2005 when compared to the position at
the end of the 2004 financial year.

The strong performance of the Group's core operations in the year to 30 June
2005 gives the Board confidence for the future, and the Board proposes to retain
its progressive dividend policy.


Enquiries:
M J Gleeson Group plc                                            020-8644 4321
Dermot Gleeson (Chairman)
Terry Massingham (Chief Executive)
Colin McLellan (Finance Director)

Bankside Consultants Limited                                     020-7367 8851
Charles Ponsonby



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