Director Shareholding

Fisher (James) & Sons PLC
23 December 2004


                   James Fisher and Sons PLC ('the Company')                    

                                                                            
                            Director Shareholding                              

  

The Company was notified on 22 December 2004 that Messrs Serjent and Shields,
both directors of the Company, had increased their holding of Ordinary Shares of
25p each in the Company ('Ordinary Shares').

 

Mr. Serjent has increased his holding by a net amount of 76,400 Ordinary Shares
representing 0.15 per cent of the total issued share capital of the Company.
This has been accomplished by the exercise on 22 December 2004 of options over
100,000 Ordinary Shares with an exercise price of 65p per share together with
the sale on the same day of 23,600 Ordinary Shares. The 23,600 Ordinary Shares
were sold partially to fund the exercise of the 100,000 options. They were sold
at a price of 295p.

 

Following these transactions Mr. Serjent has a beneficial interest in the
Company's issued ordinary share capital of 137,438 Ordinary Shares representing
0.28 per cent of the Company's total issued Ordinary Share Capital.

 

Mr. Shields has increased his holding by a net amount of 30,000 Ordinary Shares
representing 0.04 per cent of the total issued share capital of the Company.
This has been accomplished by the exercise on 22 December 2004 of options over
50,000 Ordinary Shares with an exercise price of 65p per share together with the
sale on the same day of 20,000 Ordinary Shares. The 20,000 Ordinary Shares were
sold partially to fund the exercise of the 50,000 options. They were sold at a
price of 295p.

 

Following these transactions Mr. Shields has a beneficial interest in the
Company's issued ordinary share capital of 157,484 Ordinary Shares representing
0.32 per cent of the Company's total issued ordinary share capital.

 

The Company was also notified on 22 December 2004 that Mr. A.R.C.B. Cooke a
director of the Company has reduced his holding by an amount of 20,000 Ordinary
Shares representing 0.04 per cent of the total issued share capital of the
Company. Following the transaction Mr. Cooke has a beneficial interest in the
Company's issued share capital of 21,634 Ordinary Shares representing 0.04 per
cent of the Company's total issued ordinary share capital. The shares were sold
at a price of 295p.

 

Application will be made to the London Stock Exchange and UK Listing Authority
for 150,000 Ordinary Shares to be admitted to the Official List and to trading
pursuant to the exercise of these options. Admission is expected to occur on 4
January 2005.



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