9 August 2012

Grainger plc

Interim Management Statement

Grainger plc Interim Management Statement Strong operational performance and continued reduction of debt

Grainger plc ("Grainger", the "Company" or the "Group"), the UK's largest quoted residential property owner and manager, today announces its interim management statement covering its activities for the four months to 31 July 2012.

Highlights

Over the reporting period, Grainger has had strong operational performance, a result of our resilient portfolio, evidenced by growth in our three income streams - sales, rents and fees. We have also made further significant headway in our debt reduction programme.