Additional Listing

Grainger Trust PLC
08 January 2004


Grainger Trust plc.


Pursuant to the above-named Company's Inland Revenue Approved Executive Share
Option Scheme options over 40,000 Ordinary Shares of 25p each have been
exercised. Accordingly, application has been made to The UK Listing 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.






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