Director Shareholding

Fisher (James) & Sons PLC
25 August 2004



                   JAMES FISHER AND SONS PUBLIC LIMITED COMPANY                  

                            Directors' Shareholdings

             
The Company was notified on 25th August 2004 that certain executive directors of
the Company had increased their holding of Ordinary Shares of 25p each in the
Company ('Ordinary Shares') through the Company's Long Term Incentive Plan
award, following the satisfactory achievement of the performance conditions
stipulated in the award.



This has been accomplished by the vesting of an aggregate of 120,000 Ordinary
Shares at a deemed price of 273.50p, being the prevailing middle market price at
close of business on 24th August 2004, the day immediately before the
announcement of the interim results. On the same day an aggregate of 49,200
Ordinary Shares were sold at a deemed price of 273.50p per share to fund the tax
liability resulting from the award.

 

Details of the Ordinary Shares vesting to each executive director are set out
below:

 
                       Number of   Number of  Percentage  Beneficial  Percentage
                       Ordinary    Ordinary   of Issued  Interest in  of Issued 
                        Shares      Shares      Share      Ordinary     Share   
                       Awarded    Retained    Capital       Shares    Capital   
                                                          Following             
                                                           Award                
R.A.F.                                                                          
Buchanan                 40,000      23,600       0.05      147,073       0.30  
I.M. Serjent             40,000      23,600       0.05       61,038       0.12  
M.J. Shields             40,000      23,600       0.05      127,484       0.26  

 

 

The 49,200 Ordinary Shares sold to fund the tax liability were purchased by the
James Fisher and Sons Public Limited Company Employee Share Ownership Trust
('the Trust'), to be used against potential allocations of Ordinary Shares under
savings-related share option plans, executive share option plans and long-term
incentive plans for employees including directors.

 

Following the purchase the Trust has a beneficial interest in 1,112,459 Ordinary
Shares representing 2.27% of the issued share capital.

 



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