Director/PDMR Shareholding

Grainger Trust PLC
15 March 2006


                                     SCHEDULE 11

                  NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED 
                                       PERSONS


1)   NAME OF COMPANY

GRAINGER TRUST PLC

2)   NAME OF DIRECTOR

ROBERT DICKINSON

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder
     if it is a holding of that person's spouse or children under the
     age of 18 or in respect of an non-beneficial interest

YES - 100,000 BENEFICIAL
    - 100,000 NON-BENEFICIAL

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them. (If notified)

DICKINSON DEES (NOMINEES) LIMITED

5)   Please state whether notification relates to a person(s) connected
     with the Director named in 2 above and identify the connected person(s)

NO

6)   Please state the nature of the transaction. For PEP transactions
     please indicate whether general/single co PEP and if discretionary/non
     discretionary

DISPOSAL

7)   Number of shares/amount of
     stock acquired

-

8)   Percentage of issued Class

-

9)   Number of shares/amount
     of stock disposed

200,000

10)  Percentage of issued Class

0.15%

11)  Class of security

5P ORDINARY SHARES

12)  Price per share

£5.355962

13)  Date of transaction

15 MARCH 2006

14)  Date company informed
               
15 MARCH 2006

15)  Total holding following this notification

BENEFICIAL         - 807,715
NON-BENEFICIAL   - 2,002,195

16)  Total percentage holding of issued class following this notification

BENEFICIAL     - 0.6%
NON BENEFICIAL - 1.5% 



     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17)  Date of grant



18)  Period during which or date on which exercisable



19)  Total amount paid (if any) for grant of the option



20)  Description of shares or debentures involved: class, number.



21)  Exercise price (if fixed at time of grant) or indication that price
     is to be fixed at time of exercise



22)  Total number of shares or debentures over which options held
     following this notification



23)  Any additional information



24)  Name of contact and telephone number for queries



25)  Name and signature of authorised company official responsible for
     making this notification

G J DAVIS
     Date of Notification                                 
15TH MARCH 2006




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