Additional Listing

Grainger Trust PLC
15 September 2004



Grainger Trust plc

Pursuant to the above-named Company's SAYE Share Option Scheme options over
8,307 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.




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