Re Contract

Gleeson(M J)Group PLC
31 October 2001


                           M J GLEESON GROUP plc

               Gleeson wins £19m PFI Local Care Centre business

Gleeson, the construction services, homes and property group, has signed a
public finance initiative contract, worth £19m to it, with Surrey & Hampshire
Borders NH Trust and Norwich Union Public Private Partnership Fund for a Local
Care Centre in Farnham, Surrey.   The 25 year deal is the first of a new class
of PFI contracts - purpose-built and providing only 'hard' facilities
management (care and maintenance of the building without additional services).


The Local Care Centre will comprise 84 in-patient beds and four GP practices,
be built beside the existing one and be ready by summer 2003.


On 16 October 2001, in its preliminary announcement, Gleeson stated that its
construction services order book at 30 June 2001 totalled £990m, of which 
£670m related to relatively low risk long term partnering and PFI contracts.
The preliminary announcement further stated that Gleeson should also benefit
substantially over the next few years from increased Government spending on
health,  education, social housing and transport and also from its very strong
track record in the PFI market.


Enquiries:
M J Gleeson Group plc                                             020-8644 4321
  Dermot Gleeson (Executive Chairman)
  David Eyre (Group Managing Director)

Bankside Consultants Limited
  Charles Ponsonby                                                020-7444 4166