42AI Jsc.nc Kaz 48s

RNS Number:2145A
Grafton Group PLC
3 November 1999

                    Notification of Shareholding Under Chapter 2 
                       of Part IV of the Companies Act, 1990

Grafton Group Plc ("the Company") has been informed on 2 November 1999 by Bank
of Ireland Asset Management Limited of 26 Fitzwilliam Place, Dublin 2 that it
had a notifiable interest in 2,187,869 Grafton Units representing 12.66% of
the issued share capital of the Company. The Units are registered in the name
of Bank of Ireland Nominees as registered owner only, on behalf of a range of
clients who are each the beneficial owner of a portion of the shareholding.

END

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