Director Shareholding

Grainger Trust PLC
11 March 2005


Letter to RNS

Director Shareholdings

The company was notified on 10 March 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.

                                            Number of 25p shares acquired

Price per 25p Ordinary                       £19.10            £20.24
share
Director
Rupert Dickinson                              18                18
Stephen Dickinson                             18                21
Andrew Cunningham                             18                21

                                            Number of 5p
                                           shares acquired

Price per 5p Ordinary share                 £4.29
Director                         
Rupert Dickinson                              99
Stephen Dickinson                             87
Andrew Cunningham                             87


                                            Total holding      Total percentage
                                            following this     holding of issued
                                            notification (5p   shares following
Director                                    ordinary shares)   this notification

Rupert Dickinson                             1,458,269              1.18%
Stephen Dickinson                            6,561,492              5.29%
Andrew Cunningham                              371,142              0.30%


Letter from Grainger Trust Plc
     


      

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