Director Shareholding

Great Universal Stores PLC
12 June 2001

GRANT OF SHARE OPTIONS TO DIRECTORS

The Company has granted options in respect of its ordinary shares of 25p each to
the following directors:-

               Date of   Period during    Amount paid for  Number of    Exercise
               Grant     or date on       grant of option  shares       Price
                         which exercisable                 
J W Peace     11.6.2001  11.6-2004 to 
                         10.6.2011               Nil       195,854     612.7p
D A Tyler     11.6.2001  11.6.2004 to 
                         10.6,2011               Nil       114,248     612.7p
T Duddy       11.6.2001  11.6.2004 to 
                         10.6.2011               Nil       150,155     612.7p
A J Smart     11.6.2001  11.6.2004 to 
                         10.6.2011               Nil        37,038     612.7p

Following this notification, options are held by directors over 1,149,697
ordinary shares of 25p each in the Company (including 27,014 under the Company's
SAYE Share Option Scheme)