Director Shareholding

Grainger Trust PLC
9 May 2005


To RNS


Directors Shareholdings


The company was notified on 6 May 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.


The price per 5p ordinary share was £3.94 for 96 of the shares and £3.75 for the 
remaining 99 shares.


Director            Number of           Total holding        Total percentage
                   shares acquired      following this       holding of issued 
                                        notification       shares following this
                                                                notification

Rupert Dickinson       195                1,458,464                 1.18%
Stephen Dickinson      195                6,461,687                 5.21%
Andrew Cunningham      195                  371,337                 0.30%


For and on behalf of 
GRAINGER TRUST plc






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