Chairman's AGM Statement - 80% of Workload Secured

GALLIFORD PLC
29 October 1999


Galliford plc
AGM Statement by the Chairman, Mr Richard Miles

'Current trading is good.  Housing reservations for the first four months are
7% ahead of last year and we already have over 40% of our year's target in
hand.  Our construction order book continues to improve in quality and we now
have over 80% of our 1999/2000 workload secured.

'The outlook for the construction industry continues to be encouraging with
the markets likely to grow by 1-2% per annum in real terms.

'I am pleased to report that Galliford has plans for substantial growth in the
next four years.  We intend to increase housing completions by 50% at higher
average selling prices during this period.  We also plan to increase
construction turnover by 75% with an emphasis on PFI, Rapid Transport schemes
and strategic alliances.'

Board Changes

As previously announced, Richard Miles, Chairman and Peter Galliford,
non-executive Director, retire from the Board at the conclusion of today's AGM
and Tony Palmer has been appointed Chairman of the Company.

Enquiries:
Tony Palmer
Chairman
Galliford plc
Tel: [phone]
www.galliford.co.uk