Director Shareholding

The FirstGroup plc Share Incentive Plan ('the Plan')              

In common with all eligible employees, each of the executive directors of
FirstGroup plc ('the Company') have been invited to apply for Partnership
Shares under the Plan on a monthly basis.

On 20 February 2004, in accordance with standing instructions, Iain Lanaghan
chose to contribute to purchase 49 Partnership Shares. The Company matched
these shares on a two for three basis with shares to the value of £20, having
increased the matching ratio for all employees with effect from 1st February
2004. Accordingly, Iain Lanaghan received 7 Matching Shares. The shares were
purchased at a price of 254.5 pence per share.

Following these transactions, Iain Lanaghan's beneficial holding is 6,745
shares.

20 February 2004