Director Shareholding

Greggs PLC
03 June 2004



On 3rd June 2004 Greggs PLC (the "Company") was notified that on 1st June 2004,
the trustees of the Greggs Employee Benefit Trust, including Ian Gregg, Sir
Michael Darrington and Malcolm Simpson (directors of the Company), sold 117,895
ordinary shares of 20p each in the Company ("shares")(0.97% of the issued
shares) at £20.98 per share to employees on the exercise of options granted
pursuant to the Company's Savings Related Share Option Scheme.



After the disposal, the trustees of the Employment Benefit Trust hold 174,268
shares (1.437% of the issued shares)



On the same day, pursuant to the exercise of options held, under the Company's
Savings Related Share Option Scheme, Sir Michel Darrington purchased 199 shares
at £20.98.



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                      155,490 (1.28%)     174,268 (1.437%)

Malcolm Simpson                85,523 (0.71%)      202,869 (1.67%)

Michael Darrington             70,639 (0.58%)      174,268 (1.437%)


(Both of the Executive Directors, Malcolm Simpson and Michael Darrington, have a
potential benefit interest in the 174,268 shares held by the Employee Benefit
Trust shown above as part of their respective non-beneficial interests).




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