Director Shareholding

GUS PLC
2 June 2004



                                      GUS plc
                                   ('THE COMPANY')



                        GRANT OF SHARE OPTIONS TO DIRECTORS


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


Name of        Date of        Period during    Amount     Number of     Exercise
director       grant          or date on       paid for   shares        price 
                              which 
                              exercisable

John Peace     01.06.2004     01.06.2007 to     Nil        93,919       £8.092
                              31.05.2014     


Terry Duddy    01.06.2004     01.06.2007 to     Nil        82,797       £8.092
                              31.05.2014


Craig Smith    01.06.2004     01.06.2007 to     Nil        44,726       £8.092
                              31.05.2014

David Tyler    01.06.2004     01.06.2007 to     Nil        58,082       £8.092
                              31.05.2014


Following this notification, options are held by directors over 1,864,746 
Ordinary shares of 25p in the Company.




                      AWARDS UNDER THE GUS PLC PERFORMANCE SHARE PLAN


The Company also made awards on 1 June 2004 to the above directors under the
terms of The GUS plc Performance Share Plan by reference to a price of £8.092p
per share.  The awards are subject to performance conditions and the maximum
numbers of shares which could vest in the case of each of these directors in
respect of this award are as follows:-

Name of director           Maximum number of shares

John Peace                         93,919

Terry Duddy                        82,797

Craig Smith                        44,726

David Tyler                        58,082

Following this notification, awards are held by directors under the terms of The
GUS plc Performance Share Plan in respect of 972,933 Ordinary shares of 25p in 
the Company.







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