Holding in Company

Grafton Group PLC
15 May 2001

Grafton Group Plc

15 May 2001

Re: Holding in Company

A letter from Bank of Ireland Securities Services dated 15 May 2001 to the
Irish Stock Exchange, received by the Irish Stock Exchange 15 April 2001.

In Compliance with Section 91 of the Companies Act 1990, we hereby notify you
that, as at 14 May 2001, holdings on behalf of clients in our nominee name
(Bank of Ireland Nominees Limited), in the following listed companies on the
Irish Stock Exchange, have crossed the specified thresholds as laid out below.

Stock Name    Issued Share        Current       Current        Threshold
              Capital             Holding       %Holding       %Crossed

Grafton Units 176,199,240         56,457,250    32%            0%



Risk & Compliance Unit

Bank of Ireland Securities Services