Director Shareholding

3i Group PLC
27 May 2004

The Listing Rules - Chapter 16, Paragraph 16.13

Pursuant to the rules of The 3i Executive Share Option Plan and The 3i Group
1994 Executive Share Option Plan, on 26 May 2004, Michael Queen, a Director of
3i Group plc (the 'Company'), exercised options to acquire the number of shares
('Shares') of the Company detailed below at the exercise price per Share
detailed below.


Director                     Number of Shares             Exercise price
Michael Queen                      4,000                       £2.72
                                   1,800                      £3.6133


The Director notified the Company of his interest in these Shares on 27 May
2004.


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