Director Shareholding

Glanbia PLC
16 January 2003

Glanbia plc: Notification of Interests of Director - Mr Kevin Toland



Nature of Transaction:      Appointment as Director on 10 January 2003


Description of shares:                               Ordinary €0.06


Date of Disclosure:                                  16 January 2003

_____________________________________________________________________

Shares:

Number of shares :                                   13,650 shares

______________________________________________________________________

Share Options:


Share Options granted under the Glanbia plc Irish Savings-Related Share Option
Scheme:



Date of Grant:                                       1 August 2002
Date on which exercisable:                           1 September 2005
Total Amount paid for grant of option:               Nil
Exercise price:                                      €1.20
Nature of Interest:                                  Beneficial
Number of shares:                                    4,593 shares




Share Options granted under the Glanbia plc 2002 Long Term Incentive Plan:



Date of Grant:                                   29 August 2002
Period during which exercisable:                 30 August 2005 - 28 August 2012
Total Amount paid for grant of option:           Nil
Exercise price:                                  €1.55 per share
Nature of Interest:                              Beneficial
Number of shares :                               164,000 shares
Number of shares eligible for Share Award (Note): 16,400 shares



Note:  Participant is eligible for a Share Award under Rule 14.2 of the Glanbia
plc 2002 Long Term Incentive Plan of 10% of the Ordinary Shares that he
continues to hold following the second anniversary of the exercise of the
Option.

_______________________________________________________________________________

Total Number of shares over which options held
following this notification (inclusive of Share Award):  184,993 shares

_______________________________________________________________________________



For the purposes of section 53 of the Companies Act, 1990 Mr Toland is deemed to
be interested in the holding of 2,222,000 shares purchased by Mourant & Co.
Trustees Limited, as trustee of the Glanbia Employees' Share Trust by virtue of
section 54 of the Companies Act, 1990.



For further information, please contact :-



John J. Roche,
Deputy Group Secretary,
Glanbia plc,
Glanbia House,
Kilkenny.
Telephone : [phone]


16 January 2003








                      This information is provided by RNS
            The company news service from the London Stock Exchange