Director Shareholding

Jetcam International Holdings Ld
4 January 2001

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1)  Name of company

JETCAM INTERNATIONAL HOLDINGS LIMITED

2)  Name of director

IVAN STERN

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

SHAREHOLDER NAMED IN 2 ABOVE

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

HERITAGE TRUST COMPANY 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)



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



7)  Number of shares/amount of
    stock acquired

290,910

8)  Percentage of issued class

1.26 PER CENT.

9)  Number of shares/amount
    of stock disposed



10) Percentage of issued class



11) Class of security

ORDINARY SHARES OF US$0.01 EACH

12) Price per share


27.5 PENCE


13) Date of transaction

2ND JANUARY, 2001

14) Date company informed

2ND JANUARY, 2001

15) Total holding following this notification

7,858,910

16) Total percentage holding of issued class following this notification

33.3 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

CLIVE DAYKIN (00 377 9797 1640)

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

    Date of Notification  4TH JANUARY, 2001