Holding in Company

Grafton Group PLC
06 May 2008


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 3):   N/A
5      Date of transaction (and date on which the threshold  2 May 2008
       is crossed or reached if different):
6      Date on which issuer notified:                        6 May 2008
7      Threshold(s) that is/are crossed or reached:          6%
8      Notified Details:
       A: Voting Rights attached to shares




       Class/type   Situation previous to the Resulting situation after the triggering transaction
       of shares    Triggering transaction
       (if 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
                    13,756,883   13,756,883   13,841,883   13,841,883                   6.03%






       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


       13,841,883                                            6.03%


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 hold   N/A


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


13     Additional information                                Done at Toronto, 6 May 2008


14     Contact name                                          Angie Visentin


15     Contact telephone number                              00 1 416 353 5854






















This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.




                      This information is provided by RNS
            The company news service from the London Stock Exchange