AGM Statement

Gleeson(M J)Group PLC
10 January 2001

                            M J GLEESON GROUP PLC

                           CHAIRMAN'S AGM STATEMENT

                             Prospects promising

At the Annual General Meeting of Gleeson, the construction services,
housebuilding and property group, to be held at 12.00 noon today at the
Company's Head Office at North Cheam, Surrey, the Executive Chairman, Dermot
Gleeson, will say:

1999/2000

'I am pleased to be able to tell you that 1999/2000 witnessed a fifth
successive increase in each of turnover, profit before tax, earnings per
share, dividends per share and net assets per share.

Growth in pre-tax profits over the past three years equates to 17% per annum
compound; earnings per share of 114.71p were almost double the 57.4p achieved
in 1995/96; and shareholders' funds have increased to the equivalent of £13.30
per share.

2000/01 -

The Board continues to believe that the prospects for the current year and
beyond are promising.

Our Construction Divisions and Specialist Subsidiaries have their largest ever
combined forward Order Book, currently worth some £620m, of which over 80% is
on a partnering or PFI basis. I am particularly pleased to be able to announce
today that we have achieved financial close on two new PFI schemes in the
health sector - Wansbeck Hospital in Northumberland and Luton & Dunstable
Hospital in Bedfordshire. The total value of the construction element of these
projects is over £21m. In addition, the Group has been appointed Preferred
Bidder for the £16m Highland Schools PFI project.

Gleeson Homes, which has won more major awards for brownfield development over
the last 18 months than any other residential developer, continues to benefit
from the growing market for distinctively designed, high quality urban homes.
Against the background of a rise in the average price of a Gleeson home to £
183,000, the value of completed house sales in the first half of the current
financial year was nearly 23% higher than in the equivalent period last year
and there was a 33% increase in the value of net reservations.

Gleeson Properties has fully let Steward House, a 15,000 sq ft office
development in Guildford, and has agreed Heads of Terms for the letting of the
remaining 56,000 sq ft at the Spectrum Building, a recently refurbished office
in the centre of Glasgow.

Corporate Stockbroker

Finally, I should mention that, following the decision by WestLB Panmure to
discontinue research in the construction and property sectors, the Company
has, as announced just before Christmas, appointed Teather & Greenwood as its
corporate stockbroker'.

 Enquiries:
M J Gleeson Group plc                                             020-8644 4321
Dermot Gleeson (Executive Chairman)
David Eyre (Group Managing Director)
Colin McLellan (Finance Director)
Bankside Consultants Limited                                      020-7220 7477
Charles Ponsonby