Director Shareholding

Impax Group PLC
23 January 2004


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

Impax Group plc.

2. Name of director

Neville A Brown...........................................

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

Person named in 2

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

Person named in 2...............................................................

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

Person named 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

Purchase..............................

7. Number of shares / amount of stock acquired

£5,805 nominal.......................................

8. Percentage of issued class

0.2 per cent...............................................................

9. Number of shares/amount of stock disposed

...............................................................

10. Percentage of issued class

...............................................................

11. Class of security

5.5% Convertible Unsecured Loan Stock
2009...............................................................

12. Price per share

120.75p per £1
nominal...............................................................

13. Date of transaction

23 January 2004...............................................................

14. Date company informed

23 January 2004...............................................................

15. Total holding following this notification

£10,000 nominal................................................

16. Total percentage holding of issued class following this notification

0.4 per cent...............................................................

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

Debbie Fowler, Company Secretary, 020 7434
1122...............................................................

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

Debbie Fowler, Company Secretary ...............

Date of Notification

23 January 2004.....................




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