Additional Listing

Grainger Trust PLC
12 September 2001


Grainger Trust plc


Pursuant to the above-named Company's SAYE Option Scheme options over
3,071 Ordinary Shares of 25p each have been exercised. Accordingly, application
has been made to The Financial Services Authority for these shares to be
admitted to the Official List and to the London Stock Exchange for these
shares to be admitted to trading. The Shares rank pari passu with the existing
issued shares of the Company.

Copies of this announcement are available from the office of Cazenove & Co.
Ltd for the period of 2 business days from the date hereof.



END.