Director Shareholding

Bulgin PLC
2 March 2001

BULGIN PLC

2 MARCH 2001



DEALINGS BY DIRECTORS



1)    NAME OF COMPANY

      BULGIN PLC



2)    NAME OF DIRECTOR

      R A R BULGIN



3)    Please state whether notification indicates that it is in respect of
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non-beneficial interest

      DIRECTOR'S HOLDING



4)    Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

      R A R BULGIN



5)    Please state whether notification relates to a person(s) connected with
the director named in 2 above and identify the connected person(s)

      N/A



6)    Please state the nature of the transaction.  For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

      AWARD OF OPTIONS TO SUBSCRIBE FOR ORDINARY SHARES



7)    Date of grant

      26 FEBRUARY 2001



8)    Period during which or date on which exercisable

      26 FEBRUARY 2004 - 25 FEBRUARY 2011



9)    Total amount paid (if any) for grant of the option

      £1



10)   Description of shares or debentures involved: class, number

      200,000 ORDINARY SHARES OF 5P EACH



11)   Exercise price (if fixed at time of grant) or indication that grant is
to be fixed at time of exercise

      20P PER SHARE



12)   Total number of shares or debentures over which options held following
this notification

200,000



13)   Any additional information

      N/A



14)   Name of contact and telephone number for queries

      CHRISTOPHER M LEIGH - 01245 494 542



15)   Name and signature of authorised company official responsible for making
this notification

      CHRISTOPHER M LEIGH



Date of notification



2 MARCH 2001



END