Director Shareholding

Grainger Trust PLC
11 August 2003

Directors Shareholdings

The company has been notified by Mr Sean Slade that he has an interest in an 
additional 979 shares in Grainger Trust plc. His total holding in the shares of
Grainger Trust plc is therefore 39,876 shares which represents 0.16% of the 
issued share capital of the company.



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