Director Shareholding

Fairey Group PLC
26 March 2001

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

FAIREY GROUP PLC

2) Name of director

JOHN WILLIAM POULTER
PAUL VICTOR BOUGHTON

HANS DANIEL NILSSON

JAMES CHARLES WEBSTER

JAMES GRAHAM ZACHARIAS


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

NON BENEFICIAL INTEREST

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

THE TRUSTEE OF THE FAIREY GROUP plc EMPLOYEE BENEFIT TRUST

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

N/A

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


TRANSFER OF 29,748 SHARES TO NON-DIRECTOR OPTION HOLDERS FROM THE 1996 FAIREY
GROUP EXECUTIVE SHARE PLAN FOLLOWING THE EXERCISE OF OPTIONS

7) Number of shares/amount of
stock acquired
N/A

8) Percentage of issued class

N/A

9) Number of shares/amount
of stock disposed

29,748

10) Percentage of issued class

0.026%


11) Class of security

ORDINARY SHARES OF 5P

12) Price per share

EXERCISE PRICE OF 538.5256P


13) Date of transaction

1 SEPTEMBER 2000 - 23 MARCH 2001

14) Date company informed

23 MARCH 2001

15) Total holding following this notification

1,890,979

16) Total percentage holding of issued class following this notification

1.692%

If a director has been granted options by the company please complete the
following boxes

17) Date of grant
N/A

18) Period during which or date on which exercisable
N/A

19) Total amount paid (if any) for grant of the option
N/A

20) Description of shares or debentures involved: class, number
N/A

21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
N/A

22) Total number of shares or debentures over which options held
following this notification
N/A

23) Any additional information
N/A

24) Name of contact and telephone number for queries

DELORES CAMERON 01784 470470

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

Date of Notification.....DELORES CAMERON 26 MARCH 2001...................