Director/PDMR Shareholding

Grainger Trust PLC
19 January 2006



Directors Shareholdings

The following Directors of Grainger Trust were yesterday awarded the
following conditional share awards and share options in the ordinary
share capital of Grainger Trust plc.

The price per 5p ordinary share was £5.28.

Director          Number of shares conditionally   Number of shares over
                                         awarded   which options granted

Rupert Dickinson                          41,666                 104,166
Andrew Cunningham                         31,250                  78,125

The price at which both the conditional award and share options were
granted was £5.28, being the average mid-market price of the shares for the
previous five working days.


For and on behalf of
GRAINGER TRUST plc


M P Windle
Assistant Company Secretary



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