Director Shareholding

Grainger Trust PLC
3 October 2003


Directors Shareholdings

The company has been notified today 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 25p ordinary share was £13.80.

Director                        Number of Shares         Total holding following   Total percentage holding of issued
                                        Acquired               this notification   shares following this notification

Rupert Dickinson                              27                         227,509                                0.92%

Stephen Dickinson                             27                       1,356,271                                5.48%

Andrew Cunningham                             27                          72,649                                0.29%

Sean Slade                                    27                          39,930                                0.16%

                      This information is provided by RNS
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