Holding(s) in Company

Grainger Trust PLC
19 July 2002

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     GRAINGER TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     AVIVA PLC

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     NO - SHARES HELD THROUGH MORLEY FUND MANAGEMENT LTD
          (A SUBSIDIARY OF AVIVA PLC)

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     BNY NORWICH UNION NOMINEES LTD       215104
     CHASE GA GROUP NOMINEES LTD          332100
     CUIM NOMINEE LTD                     231200
                                          ------
                                          778404
                                          ======

5)   Number of shares/amount of stock acquired.

     92,010

6)   ( 0.37%) of issued Class

7)   Number of shares/amount of stock disposed

     -

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES

10)  Date of transaction

     17/7/02

11)  Date company informed

     19/7/02

12)  Total holding following this notification

     778,404
               
13)  Total percentage holding of issued class following this notification

     3.15%

14)  Any additional information



15)  Name of contact and telephone number for queries

     G J DAVIES or M P WINDLE - 0191 261 1819

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification .19 JULY 2002

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