Director Shareholding

GUS PLC
22 November 2004


GUS plc received notification on 19 November 2004 that David Tyler, a director
of the Company, exercised options in respect of 189,474 Ordinary shares in the
Company on that day. The options comprised:

   •  Options in respect of 37,918 shares granted on 9 December 1998 at a price 
      of 580.2p per share;
   •  Options in respect of 37,308 shares granted on 23 June 1999 at a price 
      of 690.2p per share;
   •  Options in respect of 114,248 shares granted on 11 June 2001 at a price 
      of 612.7p per share.

Following this exercise, Mr Tyler sold the 189,474 shares on 19 November at a 
price of 869.9826p per share.


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