GRH G.R.(Hldgs)

RNS No 0010e
G R (HOLDINGS) PLC
5th March 1998


AMENDMENT TO EARLIER ANNOUNCEMENT

The issuer has made the following alteration to the
G R (HOLDINGS) PLC - INTERIM RESULTS
announcement released today.
In the table under 'amounts absorbed' it should have read:-

ii.  By ordinary dividends paid 1,975,215             -           -
and proposed                    
                                                       
                                2,056,596      81,381      162,761

and not:-

ii.  By ordinary dividends paid         -             -           -
and proposed                    
                                                       
                                   81,381       81,381        162,761

as previously shown. All other details remain unchanged.


                              G R (HOLDINGS) PLC
                                       
                                Interim Report
                           for the six months ended
                               31 December 1997

The  unaudited results of the group for the six months ended 31 December 1997,
together with those for the corresponding six months in 1996 and for the  full
year ended 30 June 1997, are as follows:

                                  Six        Six        Year
                                 months     months      ended
                                 ended      ended      30 June
                                   31         31        1997
                                Decembe    Decembe        #
                                 r 1997     r 1996
                                   #          #
                                                       
Group Turnover                  2,895,422    2,365,655     4,765,521
                               
                                                       
Group profit before taxation:                          
  Continuing operations           362,589      197,134       479,968
                                                       
  Costs relating to UK property  (61,770)      (52,228)     (124,540)
interests                     
                                                       
Profit before taxation            300,819      144,906       355,428
                                                       
Taxation for the period -                              
   Corporation tax  at  current   (51,601)     (26,548)     (115,208)
rates                           
                                                       
Profit  on  ordinary activities   249,218      118,358       240,220
after taxation
                                                       
                                                       
Amounts absorbed:                                      
i.    By  preference  dividends    81,381       81,381        162,761
paid
                                                       
ii.  By ordinary dividends paid 1,975,215             -           -
and proposed                    
                                                       
                                2,056,596      81,381      162,761
                                
                                                       
Earnings per ordinary share of                         
5p each (based on the profit    1.3p       0.3p        0.6p
after taxation and preference
dividends)

On  present information it appears that pre-tax profits for the six months  to
30  June 1998 are likely to be an improvement on the corresponding period  for
the previous year.

The  board has decided to declare an interim dividend of 15p (1996/1997 - nil)
for the year ending 30 June 1998 on the ordinary shares of the company.

The dividend will be paid on the 21 April 1998 to shareholders on the register
of members on the 20 March 1998.

The  board is advised that as at 30 June 1997, the company was a close company
within the meaning of the Income and Corporation Taxes Act 1988.

During  the  period  the  group was mainly engaged in  (a)  the  operation  of
Grayshott  Hall  Health Fitness Retreat, (b) transactions involving  property,
(c)  the  manufacture and sale or Morlands sheepskin car  rugs,  footwear  and
other products and (d) investment.

Contact:  Pan Georgiou        G R Holdings        0171 408 1747
          Jonathan Nelson     Beeson Gregory      0171 488 4040

5 March 1998




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