Statement- Press speculation

Gleeson(M J)Group PLC
09 January 2006



9 January 2006

MJ GLEESON GROUP plc ('Gleeson' or 'Company')

Statement re press speculation

The Board of Gleeson confirms that it has formally rejected an outline proposal
from a third party not connected with the Board or management of the Company to
acquire the entire issued share capital of the Company (the 'Proposal'). The
third party is an AIM quoted investment holding company with no active employees
or connection with the construction, housebuilding or property sectors (the
'Vehicle').

The Proposal, which was conditional and subject, inter alia, to due diligence,
comprised shares in the Vehicle and a partial cash alternative (subject to
funding) at 345p per Gleeson share. The Proposal envisaged that the Board of the
combined company would comprise Gleeson's current Chairman and Chief Executive,
its new Financial Director, and four non executive directors, two of whom would
be nominated by Gleeson. Assuming full acceptance of the share element of the
Proposal, Gleeson shareholders would have owned in aggregate approximately 97
per cent. of the combined group's issued share capital.

Enquiries
MJ Gleeson Group plc 020 8644 4321
Dermot Gleeson (Chairman)
Terry Massingham (Chief Executive)

Close Brothers Corporate Finance Limited 020 7655 3100
Peter Alcaraz / Gareth Davies

Bankside Consultants Limited 020 7367 8851
Charles Ponsonby



Close Brothers Corporate Finance Limited ('Close Brothers') which is regulated
in the United Kingdom for the conduct of investment business by the Financial
Services Authority, is acting for MJ Gleeson Group plc as financial adviser in
connection with the matters described herein and no-one else and will not be
responsible to anyone other than MJ Gleeson Group plc for providing the
protections afforded to customers of Close Brothers, nor for providing advice in
relation to the matters described herein.




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