Director/PDMR Shareholding

Greggs PLC
22 December 2006



Greggs plc ("Company") announces that it has been advised by Raymond Reynolds
that, on 18 December 2006, the date on which he was appointed a director of the
Company, his interests in the share capital of the Company were, and remain, as
follows:



(a)        interest in 2,808 shares (0.025% of the share capital)



(b)        an interest in the following options:



170 shares at £26.875 per share granted on 30 March 1999 and exercisable,
subject to performance conditions, between August 2002 and August 2006.



1,500 shares at £33.88 per share granted on 23 March 2004 and exercisable,
subject to performance conditions, between August 2007 and August 2011.



747 shares at £34.00 per share granted on 18 August 2004 and exercisable,
subject to performance conditions, between August 2007 and August 2014.



1,753 shares at £34.00 per share granted on 18 August 2004 and exercisable,
subject to performance conditions, between August 2007 and August  2014.



4,000 shares at £40.77 per share granted on 31 August 2006 and exercisable,
subject to performance conditions, between August 2009 and August  2016.





(c)        a potential beneficial interest in the 409,168  (3.66% of the issued
share capital) shares held by the Company's Employee Benefit Trust.



This announcement is made pursuant to Listing Rule 3.1.4 R.


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