Property Deal

Travis Perkins PLC
15 December 2006


15 December 2006


                               TRAVIS PERKINS PLC

                  Travis Perkins realises £11m property profit

Travis Perkins announces that in line with its stated strategy to release value
from its property portfolio, 35 freehold properties have been sold to an
investment vehicle, in which the group retains a 15% stake, for £31m after
costs. The properties, which have been leased back by the group on 25 year
terms, on a near 6% yield, realised a net profit of £11m in 2006. The company
plans to re-invest the proceeds in new and existing properties as it continues
to expand across its six brands.

Commenting on the transaction Geoff Cooper, chief executive, said:

'This is our biggest ever property deal and represents an important step in our
implementation of the group's policy of maximising value through the development
of its property portfolio.'

The group currently operates from over 1,000 sites of which 377 are freehold or
long leasehold. As well as being one of the group's considerable operating
strengths the freehold portfolio gives us the potential to seek further
opportunities to enhance value. It is likely that disposals in future years will
be on a smaller scale with the emphasis on driving profits from relocations,
part disposals and site redevelopments.

                                    - ends -

Enquiries:

Paul Hampden Smith, Finance Director
Travis Perkins PLC                       Tel: [phone]

David Bick/Mike Feltham
Holborn Public Relations                 Tel: [phone]




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