Director Shareholding

National Express Group PLC
31 January 2003

The Company has been informed that on 31 January 2003, the Trustee of the
National Express Group Qualifying Employee Share Trust transferred 14 ordinary
shares at £4.17 to satisfy the exercise of options under the National Express
Group 2002 Savings Related Share Scheme.  Following this transfer, the National
Express Group Qualifying Employee Share Trust holds a total interest in the
Company of 540,547 shares.  As all employees of the Company and its subsidiaries
are potential beneficiaries under the Trust on an equal basis, the executive
directors of the Company, Messrs P M White and R O'Toole, in their capacity as
members of the class of potential beneficiaries under the Trust, are deemed to
have an interest in these shares pursuant to the Companies Act 1985.




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