SAR - GRIFFIN GROUP

RNS Number:3274W
Griffin Group PLC
10 March 2004


                                                                      FORM SAR 3

Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.
A copy must also be sent to the company theshares of which are acquired.

Date of disclosure
9 MARCH 2004...............................................................

DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")

Date of acquisition
9 MARCH 2004...............................................................

Acquisition in (name of company)
GRIFFIN GROUP PLC..........................................................

1. Class of voting shares (eg ordinary shares)
ORDINARY...............................................................

Number of shares/rights over shares acquired

1,149,000........................Shares.........-...............Rights

If rights over shares acquired, as opposed to the shares themselves, specify
nature of rights
...............................................................

2. Resultant total holding of voting shares (and % of total voting shares in
issue)
...29.89.......         ..........%

Resultant total holding of rights overshares (and % of total voting shares in
issue)
......-....         ..........%

Total percentage
29.89....         ..........%

3. Party making disclosure
MINLAY LIMITED...............................................................

4. (a) Name of person acquiring shares or rights over shares
DAVID GORDON MACLEAN..........................................................

and, if different, beneficial owner
...............................................................

(b) Names of any other persons acting by agreement or understanding (see SAR 5)
...............................................................

Signed, for and on behalf of the party named in (3) above
...............................................................

(Also print name of signatory)
DAVID GORDON MACLEAN...........................................

Telephone and extension number
07802 179517/01625 583068......................................

Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section. Tel. No: 020 7638 0129.
Email:[e-mail]




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