DATED 29 July 2003 WOLSELEY plc (1) - AND - CHARLES A. BANKS (2) DEED OF VARIATION OF A SERVICE AGREEMENT DATED 9 JULY 2003

Exhibit 4.16

DATED 29 July 2003

WOLSELEY plc (1)

- AND -

XXXXXXX X. XXXXX (2)

___________________________________

DEED OF VARIATION
OF A SERVICE AGREEMENT
DATED 9 JULY 2003

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THIS DEED OF VARIATION is made the 29 day of July 2003.

BETWEEN:

1 Wolseley plc, whose registered office is Parkview 1220, Xxxxxxxxx Xxxxxxxx Xxxx, Xxxxxx, Xxxxxxx, XX0 0XX (the “Company”); and

2 Xxxxxxx Xxxxxxxx Banks of Xxxxxxx Xxxxx, Xxxxxx Xxxxxxx, Xx Xxxxxxxxxx, Xxxxxxxxx XX00 0XX (the “Executive”).

WHEREAS:

A The Company and the Executive entered into a service agreement dated 9 July 2003 (“the Agreement”).

B The Company has decided to remove one of the restrictive covenants placed upon the Executive pursuant to the Agreement.

NOW IT IS HEREBY AGREED as follows:

1 Clause 19.1.1 of the Agreement shall, with effect from 18 July 2003, be of no further effect.

2 The remaining provisions of the Agreement shall remain in full force and effect.

IN WITNESS whereof this Deed has been executed by the parties the day and year first before written.

EXECUTED as a DEED	)
by Wolseley plc	)
	)
	)
	Director	/s/ Xxxxxxx X Xxxxxxx
	Secretary	/s/ Xxxx X Xxxxx
EXECUTED as a DEED	)
by XXXXXXX XXXXXXXX	)
BANKS in the presence of:	)	/s/ Xxxx Xxxxxxx