Director Shareholding

Govett Strategic Trust plc
25 July 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

 1. Name of company


    Govett Strategic Trust plc

    2) Name of director

    Sir John Riddell, Bt


    3) Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder if it is a
    holding of that person's spouse or children under the age of 18 or in
    respect of a non-beneficial interest

    Directors beneficial interest


    4) Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them (if notified)

    Not advised


    5) Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    As in 2

    6) Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    Reversal of purchase made on 17 July 2003 (see 23 below)


    7) Number of shares/amount of
    stock acquired

    -

    8) Percentage of issued class

    -
    9) Number of shares/amount
    of stock disposed

    16


    10) Percentage of issued class

    0.00002%


    11) Class of security

    ordinary 10p

    12) Price per share

    -
    13) Date of transaction

    -
    14) Date company informed

     25th July 2003


    15) Total holding following this notification

    7,520 direct holding, 10,008 in ISA, 20562 in PEP



    Total holding 38,090



    16) Total percentage holding of issued class following this notification

    0.06%


    If a director has been granted options by the company please complete the
    following boxes

    17) Date of grant


    18) Period during which or date on which exercisable


    19) Total amount paid (if any) for grant of the option


    20) Description of shares or debentures involved: class, number


    21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise


    22) Total number of shares or debentures over which options held
    following this notification


    23) Any additional information
    The Company has been informed by the ISA Manager that the purchase of shares
    announced on 17 July 2003 under RNS 6801N has been cancelled.

    24) Name of contact and telephone number for queries

    Eleanor Cranmer 020 7940 5742

    25) Name and signature of authorised company official responsible for
    making this notification

    Eleanor Cranmer


    Date of Notification 25th July 2003



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