Holding in Company

Grafton Group PLC
30 January 2001

Grafton Group Plc

30 January 2001

Re: Holding in Company

A Letter from Grafton Group Plc dated 30 January 2001 to The Irish Stock
Exchange, received by The Irish Stock Exchange 30 January 2001.



Notification of Shareholding under

Chapter 2 of Part IV of the Companies Act, 1990.

Grafton Group plc ('the Company') has been informed on 26th January 2001 by
Bank of Ireland Asset Management Limited of 26 Fitzwilliam Place Dublin 2 that
it and its subsidiaries had a notifiable interest in 2,512,035 Grafton Units
representing 14.42% of the issued share capital of the company. The Units are
registered in the name of Bank of Ireland Nominees Ltd, as registered owner
only, on behalf of a range of clients who are each the beneficial owner of a
portion of the shareholding.



Charles Rinn

Secretary

Grafton Group Plc