Holding in Company

Grafton Group PLC
06 December 2007


TR - 1: Notification of Major Interests in Shares


1     Identity of the issuer or the underlying issuer of Grafton Group plc
      existing shares to which voting rights are
      attached:


2     Reason for the notification (please place an X inside the appropriate box):


      An acquisition or disposal of voting rights                                                   X


      An acquisition or disposal of financial instruments which may result in the acquisition of
      shares already issued to which voting rights are attached
      An event changing the breakdown of voting rights


      Other (please specify)


3     Full name of person(s) subject to notification     Sprucegrove Investment Management
      obligation:
4     Full name of shareholders(s) (if different from    N/A
      3):
5     Date of transaction (and date on which the         28 November 2007
      threshold is crossed or reached if different):
6     Date on which issuer notified:                     29 November 2007
7     Threshold(s) that is/are crossed or reached:       5%
8     Notified Details:
      A: Voting Rights attached to shares




      Class/type  Situation previous to   Resulting situation after the triggering transaction
      of shares   the Triggering
      (if         transaction
      possible
      using ISIN
      CODE)

                  Number of    Number of  Number of    Number of Voting Rights     % of Voting Rights
                  shares       Voting     shares
                               Rights     Direct       Direct        Indirect      Direct     Indirect
                  11,461,514   11,461,514 11,895,794   11,895,794                  5.03%






      B: Financial Instruments


      Resulting situation after the triggering transaction
      Type of financial  Expiration date     Exercise/Conversion   No. of voting rights  % of voting
      instrument                             period                that may be acquired  rights
                                                                   (if the instrument
                                                                   exercised/converted)


      N/A
      TOTAL (A + B)
      Number of voting rights                            % of voting rights


      11,895,794                                         5.03%


9     Chain of controlled undertakings through which the voting rights and/or the financial instruments
      are effectively held, if applicable:
      N/A


Proxy Voting


10    Name of proxy holder                               N/A


11    No of voting rights proxy holder will cease to     N/A
      hold


12    Date on which proxy holder will cease to hold      N/A
      voting rights


13    Additional information                             Done at Toronto, 29 November 2007


14    Contact name


15    Contact telephone number






























This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.






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            The company news service from the London Stock Exchange