Director/PDMR Shareholding

Grainger Trust PLC
03 February 2006

Director/PDMR Shareholdings

Grainger Trust plc ('The Company') announces that pursuant to its Long Term
Incentive Plan ('LTIP') the following awards have now vested:

                        Share Award     Approved Options     Unapproved Options

Rupert Dickinson             51,537                    -                128,844
Andrew Cunningham            37,794                    -                 94,484
Marie Glanville               4,979               10,307                  2,145
Debra Yudolph                17,177               10,307                 32,640

The price at which the options were granted was £1.918 per 5p Ordinary share.
Arrangements are in hand to transfer the shares awarded from The Grainger Trust
Employee Trustee Limited ('Trustee Company'), a wholly owned subsidiary of the 
Company, to the relevant Director/PDMR's.  The total number of shares being
transferred from the Trustee Company to participants in the LTIP, not all of
whom are PDMRs, is 181,311.

The Company also announces that the following directors/pdmr's have exercised
share options under the company's Long Term Incentive Plan at a price of
£1.918p per share.

                                                       No. of share options
                                                                  exercised

Rupert Dickinson                                                    128,844
Andrew Cunningham                                                    94,484
Marie Glanville                                                      12,452

The company further announces that Mr Andrew Rolland Cunningham, Director, sold
64,484 shares at 575p per share on 2 February 2006.

The total holdings of the above individuals after these transactions in the
shares of the Company are as follows:

                              Holding following     Percentage holding
                                   notification  following notification

Rupert Dickinson                      1,588,004                    1.22
Andrew Cunningham                       415,552                    0.32
Marie Glanville                          20,336            Not material
Debra Rachel Yudolph                     37,120            Not material



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