Holding in Company

Grafton Group PLC
17 December 2007




TR - 1: Notification of Major Interests in Shares


1     Identity of the issuer or the underlying issuer of   Grafton Group plc
      existing shares to which voting rights are attached:


2     Reason for the notification (please place an X inside the appropriate box):


      An acquisition or disposal of voting rights                                                  X


      An acquisition or disposal of financial instruments which may result in the acquisition of
      shares already issued to which voting rights are attached
      An event changing the breakdown of voting rights


      Other (please specify)


3     Full name of person(s) subject to notification       Bank of Ireland Asset Management Ltd
      obligation:
4     Full name of shareholders(s) (if different from 3):  N/A
5     Date of transaction (and date on which the threshold 11 December 2007
      is crossed or reached if different):
6     Date on which issuer notified:                       14 December 2007
7     Threshold(s) that is/are crossed or reached:         9% to 8%
8     Notified Details:
      A: Voting Rights attached to shares




      Class/type   Situation previous to    Resulting situation after the triggering transaction
      of shares    the Triggering
      (if possible transaction
      using ISIN
      CODE)


                   Number of    Number of   Number of    Number of Voting Rights   % of Voting Rights
                   shares       Voting      shares
                                Rights      Direct       Direct       Indirect     Direct    Indirect
                   21,124,369   21,124,369  19,124,369   19,124,369                8%






      B: Financial Instruments


      Resulting situation after the triggering transaction
      Type of financial   Expiration date      Exercise/Conversion  No. of voting rights % of voting
      instrument                               period               that may be acquired rights
                                                                    (if the instrument
                                                                    exercised/converted)


      N/A
      TOTAL (A + B)
      Number of voting rights                              % of voting rights


      19,124,369                                           8%


9     Chain of controlled undertakings through which the voting rights and/or the financial instruments
      are effectively held, if applicable:
      N/A


Proxy Voting


10    Name of proxy holder                                 N/A


11    No of voting rights proxy holder will cease to hold  N/A


12    Date on which proxy holder will cease to hold voting N/A
      rights













This announcement has been issued through the Companies Announcement Service of

                            The Irish Stock Exchange






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