Director Shareholding

Greggs PLC
7 January 2002

Greggs PLC ('the Company') was notified that on the 7th January 2002, the 
Trustees of the Greggs Employee Benefit Trust, including Ian Gregg, Michael 
Darrington and Malcolm Simpson (Directors of the Company), sold 88 ordinary 
shares of 20p each in the Company (0.0007% of the issued share capital) at 
£20.98 per share to satisfy a requirement for shares in the Company on the 
exercise of an employee share option.

After this transfer, the Trustees of the Employment Benefit Trust hold 214,567 
shares in the Company (1.79% of the issued share capital).

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

Ian Gregg                          240,500 (2.00%)              214,567 (1.78%)
Malcolm Simpson                     80,723 (0.67%)              243,168 (2.03%)
Michael Darrington                  70,640 (0.59%)              214,567 (1.78%)

(Both of the Executive Directors, Malcolm Simpson and Michael Darrington, have a
potential benefit interest in the 214,567 shares held by the Employee Benefit 
Trust shown above as part of their respective non-beneficial interests).