Director Shareholding

Grainger Trust PLC
28 June 2002


Director's Shareholding

Grainger Trust plc was informed yesterday that Nichola Pease, a director of the
Company, has a beneficial interest in 73,292 of its ordinary shares and a non-
beneficial interest in a further 204,776 shares.  These represent in total 1.1%
of the issued share capital.




                      This information is provided by RNS
            The company news service from the London Stock Exchange