Regeneration Agreement

Gleeson(M J)Group PLC
05 January 2006


                                                                   
                              

                              MJ GLEESON GROUP PLC

            Gleeson Signs Long Term Liverpool Regeneration Agreement

M J Gleeson Group plc has signed an overarching agreement with Liverpool City
Council to act as the preferred developer for the City Centre South Zone of
Liverpool's Housing Market Renewal Initiative (HMRI) for up to twelve years.

The agreement gives Gleeson the right of first refusal for any development sites
owned or to be acquired by the Council in an area of 1,000 acres adjacent to the
city centre covering the Baltic Triangle, Toxteth, The Dingle, Granby and most
of Liverpool 8.

Terry Massingham, Chief Executive of Gleeson, said: 'The agreement is a
reflection of the value we place in recognising that social and economic renewal
is as important as physical change. As part of the HMRI, we are working towards
creating vibrant, high quality, sustainable neighbourhoods in conjunction with
local people.'

It is estimated that up to 2,500 houses and flats could be developed over the
next twelve years with 20% likely to be for shared ownership and replacement of
existing social renting. Gleeson Regeneration and its sister company, Gleeson
Homes, are already on site with their first project, Clevedon Park, which will
see 107 properties built adjacent to Park Road in Liverpool 8.

Currently 80% of the housing in the South Zone is rented and the Council's aim
is to encourage 50% home ownership within fifteen years. Gleeson Regeneration
will employ local labour as far as possible and is also sponsoring the
Construction GCSE at the local comprehensive school.

Notes to Editors:

Gleeson Regeneration is the housing and community regeneration subsidiary of
Gleeson Homes formed with the aim of focusing on mixed use urban regeneration,
Local Authority partnerships, modern methods of construction and 'eco' friendly
development. As well as Liverpool, it has major long-term partnering
arrangements in Manchester and Sheffield.

Enquiries:

M J Gleeson Group plc                                             020-8644 4321
 Terry Massingham (Chief Executive)

Bankside Consultants Limited
 Charles Ponsonby                                                 020-7367 8851




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