Supply Contract Establishment

Gleeson(M J)Group PLC
01 July 2005





                             M J GLEESON GROUP PLC

            Establishment of an Exclusive Five-Year Supply Contract

Gleeson, the construction services, homes and property group, announces that it
has entered into an innovative, exclusive five-year supply agreement with
subsidiaries of Speedy Hire Plc, under which it will source the vast majority of
its hired plant requirements from Speedy Hire, which will also provide a
dedicated hire desk facility.

The agreement, which will substantially increase Gleeson's business with Speedy
Hire across all Speedy businesses, will provide a value added service and
improve the cost-effectiveness and efficiency of Gleeson's plant procurement. As
part of the transaction, Speedy Hire will acquire the plant assets of GL Plant
Limited, Gleeson's plant hire subsidiary, which supplies plant, on a
non-exclusive basis, to Gleeson companies but does not trade with external
companies.

The value of the assets which are the subject of the transaction as at 30 June
2004 was £4.2m. The consideration will amount to £8.2 million, payable in cash
on completion, and will be invested in Gleeson's cash consumptive activities of
housebuilding and property.

Tony Collins, Managing Director of Gleeson Construction Services, said: 'I am
delighted that we have been able to negotiate this arrangement with Speedy Hire,
which will provide the Group with considerable benefits over the next five years
and is consistent with our strategy of improving operational and financial
efficiency in our core activities.'

Enquiries:
M J Gleeson Group plc                                             020-8644 4321
Dermot Gleeson (Chairman)
Terry Massingham (Chief Executive)
Tony Collins (Managing Director of Gleeson Construction Services)

Bankside Consultants Limited
Charles Ponsonby                                                  020-7367 8851




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