Director Shareholding

Fisher (James) & Sons PLC
29 March 2004


                    James Fisher and Sons PLC ('the Company')

                         Directors Interests in Shares

The Company was informed on 26 March 2004 that James Fisher and Sons Employee
Share Trust Limited ('the Trust') had purchased a total of 250,470 ordinary
shares of 25p each ('Ordinary Shares') at an average price of 320.5p. The Trust
has allocated 46,232 of these Ordinary Shares to certain executive directors of
the Company. These shares have been purchased by the Trust on behalf of those
directors from the proceeds of their annual cash bonus for the year ending 31
December 2003.

Details of the Ordinary Shares allocated to those executive directors (all at a
deemed price of 288.5p, being the prevailing middle market price at close of
business on 9 March 2004, the day immediately following the announcement of the
preliminary results), are set out below:

                       Number of  Percentage of       Beneficial  Percentage of
                 Ordinary Shares   Issued Share      Interest in   Issued Share
                    Purchased by      Capital    Ordinary Shares      Capital
                         Trust                         Following
                                                      Purchase

T C Harris              19,622           0.04           92,484           0.19
RAF Buchanan            12,728           0.03           63,473           0.13
IM Serjent               4,159           0.01           44,363           0.09
MJ Shields               9,723           0.02           73,884           0.15

Included in the total number of shares purchased are 168,454 Ordinary Shares
which are held by the Trust against future potential allocations of Ordinary
Shares under James Fisher Long Term Incentive Plan and James Fisher Share
Matching Scheme. All of the executive directors are potential beneficiaries
under these schemes.

Of the remaining 35,784 shares that have been purchased 8,355 are on behalf of
other senior executives from the proceeds of their annual cash bonus for the
year ending 31 December 2003, the balance are against future potential
allocations of Ordinary Shares under the James Fisher Long Term Incentive Plan
and James Fisher Share Matching Scheme for these executives.




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