Director Shareholding

Greggs PLC
04 April 2003

On the 3 April 2003 Greggs plc was notified that:


        (a)     on the 31 March 2003, Malcolm Simpson, a director of the Company
        exercised a share option in the Company, and acquired 2,000 ordinary
        shares of 20p each in the Company at a price of £13.55 per share (0.016%
        of the issued share capital).


        (b)     on 2 April 2003, Malcolm Simpson disposed of 2,000 ordinary
        shares of 20p each in the Company at a price of £29.31 per share.


        (c)     on the 3 April 2003 that on the 31 March 2003, Mike Darrington,
        a director of the Company exercised a share option in the Company and
        acquired 2,500 ordinary shares of 20p each in the Company at a price of
        £13.55 per share (0.021% of the issued share capital).


        (d)     on the 2 April 2003, Mike Darrington disposed of 2,500 ordinary
        shares of 20p each in the Company at a price of £29.31 per share.


        (e)     on 2 April 2003, the trustees of the Greggs Employee Benefit
        Trust, including Ian Gregg, Michael Darrington and Malcolm Simpson
        (directors of the Company), acquired 20,886 ordinary shares of 20p each
        in the Company at a price of £29.35 per share (0.17% of the issued share
        capital).


After the acquisition, the trustees of the Greggs Employment Benefit Trust hold
235,323 ordinary shares in the Company (1.95% of the issued share capital).


The total beneficial and non-beneficial holdings of Malcolm Simpson and Mike
Darrington (excluding interests on share options) as at 3 April 2003 following
this notification are:-


Beneficial Non-beneficial

Malcolm Simpson 79,323 (0.66%) 263,924 (2.19%)


Mike Darrington 70,440 (0.58%) 235,323 (1.95%)


(Malcolm Simpson and Mike Darrington each have a potential interest in the
235,323 ordinary shares in the Employee Benefit Trust of which they are trustees
shown above as part of their non-beneficial interests).


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