Director/PDMR Shareholding

Greggs PLC
22 March 2006



Greggs plc ("the Company") announces that, on 21 March 2006:


1.       Sir Michael Darrington (a director of the Company):


1.1      exercised an option held by him under the Company's Executive
Share Option Scheme in respect of 6,000 (0.049%) ordinary shares of 20p each in
the Company ("Shares")  at £17.015 per Share and subsequently sold these Shares
at £38.00 per Share; and


1.2      sold a further 2,500 Shares at £38.00 per share.


2.       Malcolm Simpson (a director of the Company):


2.1      exercised an option held by him under the Company's Executive
Share Option Scheme in respect of 10,000 Shares (0.081%) at £17.015 per Share
and subsequently sold these Shares at £38.00 per Share;


2.2      sold a further 15,000 Shares at £38.00 per Share, in which he
had a beneficial interest; and


2.3      sold a further 5,000 Shares at £38.00 per Share in which he
had a non-beneficial interest.


3.       The 16,000 Shares required to satisfy the exercise of the
options referred to above were supplied from the Company's Employee Benefit
Trust.


Notes

1.         The total beneficial and non-beneficial holdings of each relevant
director (excluding interests in share options) following this notification are
as follows:

                            Beneficial                 Non-beneficial

Sir Michael Darrington      55,470 (0.45%)            0
Malcolm Simpson             25,010 (0.20%)            8,000 (0.06%)



2.         Malcolm Simpson and Sir Michael Darrington each have a potential
beneficial interest in the 32,924 shares (0.27% of the issued share capital)
held by the Employee Benefit Trust following this notification.



3.         This announcement constitutes a single announcement of all
notifications received by the Company pursuant to the Companies Act 1985 and
Disclosure Rule 3.1.2 R in respect of the transactions referred to above, all of
which both took place on 21 March 2006 in England and were notified to the
Company on the same date.




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