Directors' Dealings

Fairey Group PLC
8 December 1999

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

FAIREY GROUP PLC

2)  NAME OF DIRECTOR

JOHN WILLIAM POULTER

3)  Please state whether notification indicates that it is in respect of
    holding of the Director named in 2 above or holding of that person's
    spouse or children under the age of 18 or in respect of a non-beneficial
    interest

THE DIRECTOR 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)

JOHN WILLIAM POULTER

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

EXERCISE OF OPTION HELD UNDER FAIREY GROUP 1988 EXECUTIVE SHARE OPTION SCHEME
AND SUBSEQUENT SALE OF SHARES

7)  Number of shares/amount of 
    stock acquired

60,000

8)   (0.06 % )
    of issued Class

9)  Number of shares/amount
    of stock disposed

60,000

10)  (0.06 % )
   of issued Class

11) Class of security

ORDINARY

12) Price per share

EXERCISE PRICE - £3.7925
SALE PRICE - £5.00

13) Date of transaction

8 DECEMBER 1999

14) Date company informed

8 DECEMBER 1999

15) Total holding following this notification

312,064 SHARES

16) Total percentage holding of issued class following this notification

0.3%

     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

307,040 SHARES REMAINING UNDER OPTION

23) Any additional information



24) Name of contact and telephone number for queries

C STOPP  01784 470470

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

    Date of Notification....8 DECEMBER 1999.....................