Director Shareholding

Yule Catto & Co PLC
21 September 2001


 Disclosure of interests in shares or debentures and notifications of dealings
                        under the Stock Exchange requirements



                             DEALINGS BY DIRECTORS


1 NAME OF COMPANY                          2 NAME OF DIRECTOR

  Yule Catto & Co plc                        Hon. A G Catto

3 Please state whether notification        4 Name of the registered holder(s)
  indicates that it is in respect of         and, if more than one holder, the
  holding of the Director named in 2 above   number of shares held by each of
  or holding of that person's spouse or      them. (If notified)
  children under the age of 18 or in
  respect of a non-beneficial interest       James Capel (Nominees) Limited

  Shares held by a trust of which the
  Director is both a Trustee and a
  beneficiary


5 Please state whether notification        6 Please state the nature of the
  relates to a person(s) connected with      transaction and the nature and
  the Director named in 2 above and          extent of the directors interest
  identify the connected person(s)           in the transaction

                                             Share sale

7 Number of shares/ amount of  8 ( 0.0 %)  9 Number of       10 ( 0.0 %)
  stock acquired                 of issued   shares/           of issued Class
                                 Class       amount of stock   
                                             disposed

                                             6,333
                                             beneficial

                                             38,000 as
                                             trustee


11 Class of       12 Price per     13 Date of            14 Date company
   security          share            transaction           informed

   Ordinary          £1.88            20.09.01              21.09.01

15 Total holding following this    16 Total percentage holding of issued class
   notification                       following this notification

   1,732,108 beneficial               1.19%

   3,451,557 as trustee               2.38%





IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE THE
FOLLOWING BOXES

17 Date of grant                          18 Period during which or date on
                                             which exercisable

19 Total amount paid (if any) for grant   20 Description of shares of
   of the option                             debentures involved :
                                             class, number.

21 Exercise price (if fixed at time of    22 Total number of shares or
   grant) or indication that price is to     debentures over which options held
   be fixed at time of exercise              following this notification

23 Any additional            24 Name of contact and telephone number for
   information                  queries

                                Richard Atkinson- 01279 459527


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

   Date of Notification : 21 September 2001 Richard Atkinson - Company Secretary