Director Shareholding

Redrow PLC
05 July 2004



DIRECTORS' SHAREHOLDINGS


Following their exercise of options to purchase shares on 25 June 2004 under the
terms of a three year incentive scheme established on 25 June 2001 by Stephen
Morgan, founder of Redrow plc ('the Company'), over his own beneficial holding
in the Company (as previously disclosed), certain directors of the Company
undertook the transactions described below:

As previously disclosed, Paul Pedley, Chief Executive, purchased 250,000 shares
in the Company on 25 June 2004.  On 2 July 2004, he sold 150,000 shares at a
price of 365p per share which partially satisfied the cost of acquisition under
the share option and the tax liability arising as a result of the exercise.  The
balance of the consideration was met from Paul Pedley's personal resources.  The
net result of these transactions was an increase in his beneficial holding in
the Company of 100,000 shares which now stands at 725,000 ordinary shares.

As previously disclosed, Neil Fitzsimmons, Group Managing Director, purchased
50,000 shares in the Company on 25 June 2004.  On 2 July 2004, he sold 33,953
shares at a price of 365p per share in order to satisfy the cost of acquisition
under the share option and the tax liability arising as a result of the
exercise.  The net result of these transactions was an increase in his
beneficial holding in the Company of 16,047 shares which now stands at 88,220
ordinary shares.

As previously disclosed, Barry Harvey, Northern Regional Chairman, purchased
50,000 shares in the Company on 25 June 2004.  On 2 July 2004, he sold 37,500
shares at a price of 365p per share principally in order to satisfy the cost of
acquisition under the share option and the tax liability arising as a result of
the exercise.  The net result of these transactions was an increase in his
beneficial holding in the Company of 12,500 shares which now stands at 22,283
ordinary shares.

As previously disclosed, Colin Lewis, Western Regional Chairman, purchased
30,000 shares in the Company on 25 June 2004.  On 2 July 2004, he sold 22,500
shares at a price of 365p per share principally in order to satisfy the cost of
acquisition under the share option and the tax liability arising as a result of
the exercise.  The net result of these transactions was an increase in his
beneficial holding in the Company of 7,500 shares which now stands at 24,303
ordinary shares.



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