Director Shareholding

Greggs PLC
10 April 2003

On the 8 April 2003 Greggs plc was notified that:


        (a)     on the 7 April 2003, the trustees of the Greggs Employee Benefit
        Trust, including Ian Gregg, Michael Darrington and Malcolm Simpson
        (directors of the Company), acquired 2,340 ordinary shares of 20p each
        in the Company at a price of £29.25 per share (0.19% of the issued share
        capital).


        (b)     on the 8 April 2003, Malcolm Simpson, a director of the Company
        exercised a share option in the Company, and acquired 1,500 ordinary
        shares of 20p each in the Company at a price of £13.55 per share
        (0.0124% of the issued share capital).


        (c)     on the 8 April 2003, Malcolm Simpson disposed of 1,500 ordinary
        shares of 20p each in the Company at a price of £29.15 per share.


        (d)     on the 8 April 2003, the trustees of the Greggs Employee Benefit
        Trust, including Ian Gregg, Michael Darrington and Malcolm Simpson
        (directors of the Company), acquired 1,500 ordinary shares of 20p each
        in the Company at a price of £29.25 per share (0.0124% of the issued
        share capital).


After the acquisition, the trustees of the Greggs Employment Benefit Trust hold
239,163 ordinary shares in the Company (1.98% of the issued share capital).


The total beneficial and non-beneficial holdings of, Ian Gregg, Malcolm Simpson
and Mike Darrington (excluding interests on share options) as at 8 April 2003
following this notification are:-


                               Beneficial                  Non-beneficial

Malcolm Simpson               79,323 (0.66%)               267,764 (2.22%)


Mike Darrington               70,440 (0.58%)               239,163 (1.98%)


Ian Gregg                    219,300 (1.92%)               239,163 (1.98%)


(Malcolm Simpson and Mike Darrington each have a potential interest in the
239,163 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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