Misc: Investor Morning

Wolseley PLC
15 January 2004

NEWS RELEASE
15 January 2004

                                  Wolseley plc
                       European Strategy Investor Morning

Wolseley plc, the world's largest specialist trade distributor of plumbing,
heating and building materials products, is today hosting an investor morning on
its European strategy. No material information regarding current trading will be
given in the presentations beyond that announced in the trading statement on 14
January 2004.

The presentations will be as follows:

Introduction             Charlie Banks, Group Chief Executive
European Overview        Gerard Legtmann, CEO Europe
Wolseley France          Jacques Regis-Descours, MD Wolseley France 
Wolseley Centers (UK)    Adrian Barden, MD Wolseley Centers, UK
Manzardo (Italy)         Claudio Manzardo, MD Manzardo, Italy
Tobler (Switzerland)     Fred Gamper, MD Tobler, Switzerland
European Strategy        Gerard Legtmann, CEO Europe

The presentation will start at 10.00 am, with coffee served from 09.45 am, and
will take place at UBS, 1 Finsbury Avenue, London EC2.

The presentation slides will be available on the Company's website
www.wolseley.com. In addition a live audio webcast of the meeting including 
Q & A can be accessed from the Company's website www.wolseley.com or 
www.cantos.com this morning at 10.00am, with registration from 9.30 am. A 
recorded version will be made available later in the day on both sites.



FURTHER INFORMATION:

Wolseley plc                                   Brunswick Group Ltd
Tel: [phone]                             Tel: [phone]

Guy Stainer - Head of Investor Relations       Sophie Fitton
                                               Nina Richmond


                                    - Ends -




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