Director Shareholding

Henderson Strata Investments PLC
30 July 2001

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

 1. Name of company

    HENDERSON STRATA INVESTMENTS PLC

    2) Name of director

    R D H BRYCE

    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

    BENEFICIAL

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

    LLOYDS TSB REGISTRARS SAVINGS NOMINEES LIMITED

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

    MR BRYCE HIMSELF

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

    SHARE PURCHASE - 100% BENEFICIAL

    7) Number of shares/amount of
    stock acquired

    45

    8) Percentage of issued class

    INSIGNIFICANT

    9) Number of shares/amount
    of stock disposed

    -

    10) Percentage of issued class

    -

    11) Class of security

    ORDINARY 25P SHARES

    12) Price per share

    550.0P

    13) Date of transaction

    25 July 2001

    14) Date company informed

    30 July 2001

    15) Total holding following this notification

    4,815

    16) Total percentage holding of issued class following this notification

    0.03%

    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

    24) Name of contact and telephone number for queries

    GEOFFREY RICE TEL: [phone]

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

    GEOFFREY RICE, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED
    Date of Notification - 30 JULY 2001