Trading Statement

Galliford Try PLC
05 January 2006



                               GALLIFORD TRY PLC

                                 TRADING UPDATE

Galliford Try plc, the construction and housebuilding group, is providing the
following update to trading for the half year to 31 December 2005.

Key Highlights

   • Construction order book of £1.1 billion exceeds £1 billion for the first
     time (2004: £719 million)
   • Financial close on £192 million contract for UK's largest education PFI
     scheme for Northamptonshire County Council
   • Housebuilding sales in hand of £158 million (2004: £130 million)
   • Housebuilding completions in six month period of 484 units at average
     selling price of £203,000 (2004: 387 units at average selling price of
     £228,000)
   • Group borrowings at similar level to a year ago

Overall, trading for the Group has been in line with Board expectations and the
Board is confident of a satisfactory full year outturn.

Construction

In December we announced that we had reached financial close on the UK's largest
education PFI scheme for Northamptonshire County Council. Over the next three
years, we will carry out £192 million of construction work at 41 schools as an
integral part of Northamptonshire County Council's transition to a new two tier
educational system. The project builds upon the significant experience Galliford
Try has in education, a sector with good prospects as Government investment
continues.

We continue to generate a high quality workload in our selected markets. We are
pleased to announce the award of our first framework agreement for Anglian Water
as one of two contractor partnerships appointed to carry out a total of £70
million of water infrastructure works in the east of England over the next five
years. With much of our existing water operations based in the north west and
Scotland, this award extends both our client base and geographic presence. In
the health sector we achieved financial close on a second phase project in the
Barnet, Enfield and Haringey LIFT, a £5 million health centre, and are currently
working on further opportunities within our other existing LIFT frameworks. The
commercial market is also providing a number of good opportunities.

The integration of Pentland Limited, the company providing site acquisition and
planning services to the mobile phone industry that we acquired in October, is
going well.

Following the award of the Northamptonshire Schools PFI, the construction order
book exceeded £1 billion for the first time, and is currently standing at £1.1
billion. 85% is in the public and regulated sectors and 90% has been secured on
a non price competitive basis. Our objective remains to achieve profit growth by
expanding the business at a rate that does not compromise margin.

Housebuilding

The market has shown a marked improvement compared to the same period last year
and completions for the half year were up 25% at 484 units on an average selling
price of £203,000, reduced from £228,000 a year ago with our further
concentration on the mainstream market. The division has currently reserved,
contracted or completed sales with a value of £158 million, a 21% increase on
last year. It also represents approximately two thirds of planned sales for the
year to 30 June 2006, in line with our expectations as we enter the second half.

Sales rates during the period have been satisfactory. Visitor levels are
encouraging based on the limited sales incentives and marketing support that
continue to be required. We are operating off 20% more sites than a year ago.
Our successful business model, together with our broad geographic spread across
the southern half of the country, means that subject to market conditions
remaining unchanged in the New Year, we are well placed to achieve our targets
for the full year to 30 June 2006.

With the fundamentals of the housing market broadly unchanged, and no sign of
any easing in supply through the planning system, we continue to pursue our
expansion policy.

Affordable Housing - Appointment

The affordable housing sector is continuing to generate good opportunities for
both our construction and housebuilding divisions. We have decided to strengthen
our team by the appointment of Stephen Teagle as Group Affordable Housing
Director to ensure we maximise our potential for growth in the sector. Stephen,
who is currently development director of the Devon and Cornwall Housing
Association and managing director of Westco, the association's commercial
development arm, will be joining us in February.

Interim Results

The Company's interim results for the half year to 31 December 2005 are expected
to be announced on Thursday 23rd February 2006.

Further enquiries to:

Greg Fitzgerald, Chief Executive Galliford Try plc 01895 855 219
Frank Nelson, Finance Director Galliford Try plc 01895 855 226
Ann marie Wilkinson/Geoff Callow Bell Pottinger Financial 020 7861 3232



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