Statement re Contract

RNS Number:7237I
Gleeson(M J)Group PLC
14 March 2003


                              M J GLEESON GROUP PLC


The Board of M J Gleeson has completed a further review of its civil engineering
contract at Buxton and concluded that it would be prudent to make an additional
provision for loss of #5m.

This decision reflects the emergence of fundamental disagreements relating to
the interpretation of the project's contract conditions.  The Board is convinced
that the Group is not being treated reasonably or fairly and proposes to pursue
its claims for substantial additional payment with extreme vigour.

The additional provision will have a significant impact on the financial results
for the current year.  However, the Group's divisions are generally performing
well and the Board still expects that profits in 2003/04 will be in line with
current expectations.

The Company proposes to announce its results for the half-year ended
31 December 2002 on Tuesday 25 March 2003.




Enquiries:

M J Gleeson Group plc                                            020-8644 4321
  Dermot Gleeson - Executive Chairman
  Colin McLellan - Finance Director

Bankside Consultants Limited
  Charles Ponsonby                                               020-7444 4166


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