Director/PDMR Shareholding

Grainger Trust PLC
6 July 2005


Directors Shareholdings

The company was notified on 6 July 2005 that the following shares have been 
purchased for the respective Directors.

The shares which were purchased under the Company's SIP are registered in the 
name of Capita IRG.

The price per 5p ordinary share was £4.15.

Director             Number of         Total holding     Total percentage
                  shares acquired     following this  holding of issued shares
                                       notification  following this notification

     
Rupert Dickinson         90              1,458,650               1.13%
Stephen Dickinson        90              6,261,870               4.85%
Andrew Cunningham        90                371,520               0.29%



GRAINGER TRUST plc



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