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 24 January 2005, in accordance with standing instructions, David Leeder
chose to contribute to purchase 35 Partnership Shares. The Company matched
these shares with shares on a two for three basis to the value of £20.
Accordingly, David Leeder received 5 Matching Shares. The shares were purchased
at a price of 3.549228 pence per share.

Following these transactions, David Leeder's beneficial holding is 1268 shares.

25 January 2005