Result of Equity Issue

Travis Perkins PLC
16 December 2004


THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
               UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IRELAND


Pricing Announcement


Further to the announcement made earlier today, and following completion of the
bookbuilding process, the Placing Price has now been determined.

Travis Perkins confirms that it is issuing 5,000,000 new ordinary shares at a
price of 1530p per share to raise approximately £76,500,000 before expenses.
The Placing Shares being issued represent approximately 4.4 per cent. of Travis
Perkins' existing issued share capital.

The Placing is conditional on the UK Listing Authority admitting the Placing
Shares to the Official List and the London Stock Exchange admitting the Placing
Shares to trading (together 'Admission').  It is expected that allocations will
be confirmed with successful placees as soon as practicable this afternoon.

HSBC Bank plc ('HSBC') acted as sole bookrunner to the Placing.


Enquiries:

Nick Donald                                          [phone]
Andrew Meigh                                         [phone]


This announcement shall not constitute or form any part of any offer or
invitation to subscribe for, underwrite or otherwise acquire, or any
solicitation of any offer to purchase or subscribe for, securities including in
the United States.

This announcement does not constitute an offer to sell or issue, or the
solicitation of an offer to buy, subscribe or otherwise acquire Placing Shares
or other shares in the Company in Canada, Australia, Japan, the Republic of
Ireland or in any jurisdiction in which such offer or solicitation is unlawful
and the information contained herein is not for release, publication or
distribution in whole or in part into Canada, Australia, Japan or the Republic
of Ireland, or in any jurisdiction in which such publication or distribution is
unlawful.

This announcement does not constitute an offer of securities for sale in the
United States of America.  Neither this announcement nor any copy of it may be
taken or distributed into the United States of America or distributed or
published, directly or indirectly, in the United States of America.  Any failure
to comply with this restriction may constitute a violation of US securities law.
  The securities referred to herein have not been and will not be registered
under the US Securities Act of 1933, as amended (the 'Securities Act'), and may
not be offered or sold in the United States unless they are registered under the
Securities Act or pursuant to an available exemption therefrom.  No public
offering of securities of is being made in the United States of America.

This announcement has been issued by and is the sole responsibility of Travis
Perkins and has been approved solely for the purpose of Section 21 of the
Financial Services and Markets Act 2000 by HSBC Bank plc, 8 Canada Square,
London E14 5HQ, a company regulated by the Financial Services Authority and a
member of the London Stock Exchange plc.

HSBC plc is acting for Travis Perkins and no-one else in connection with the
Placing and will not be responsible to anyone else other than Travis Perkins for
providing the protections afforded to its clients or for providing advice in
relation to the Placing. Persons needing advice should consult an independent
financial adviser.




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