Director Shareholding

Redrow PLC
08 July 2003


DIRECTORS' SHAREHOLDING


On 8 July 2003, Redrow plc was notified that the following directors have
exercised matured options to acquire ordinary shares of 10p each in Redrow.  As
a result, the following increases in holdings have been effected:

On 8 July 2003, Mr. Paul Pedley, Chief Executive, acquired a further 25,000
shares in Redrow, taking his total holding to 625,000, in addition to
outstanding options over 354,704 shares.  This acquisition was made following
the exercise by him on 8 July 2003 of options to acquire 60,122 shares at nil
cost under the Company's Long Term Share Incentive Plan.  35,122 of these shares
were sold at a price of 280p each on 8 July 2003 principally in order to satisfy
the tax liability arising as a result of the exercise.

On 8 July 2003, Mr. Neil Fitzsimmons, Finance Director, acquired a further
47,972 shares in Redrow, taking his total holding to 64,747, in addition to
outstanding options over 101,380 shares.  This acquisition was made following
the exercise by him on 8 July 2003 of options to acquire 77,972 shares at nil
cost under the Company's Long Term Share Incentive Plan.  30,000 of these shares
were sold at a price of 280p each on 8 July 2003 principally in order to satisfy
the tax liability arising as a result of the exercise.

On 8 July 2003, Mr. Colin Lewis, Regional Chairman Western Region, acquired a
further 12,761 shares in Redrow, taking his total holding to 16,803, in addition
to outstanding options over 75,654 shares.  This acquisition was made following
the exercise by him on 8 July 2003 of options to acquire 21,761 shares at nil
cost under the Company's Long Term Share Incentive Plan.  9,000 of these shares
were sold at a price of 280p each on 8 July 2003 principally in order to satisfy
the tax liability arising as a result of the exercise.


                      This information is provided by RNS
            The company news service from the London Stock Exchange