Director Shareholding

Wynnstay Properties PLC
23 August 2001



WYNNSTAY PROPERTIES PLC

23 AUGUST 2001



DEALINGS BY DIRECTORS


1)    NAME OF COMPANY

      WYNNSTAY PROPERTIES PLC


2)    NAME OF DIRECTORS

      MR T J NAGLE
      MR M L CHEESMER
      MR P R KIRKLAND

3)                Please state whether notification indicates that it is in
respect of holdings of the directors 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

      IN RESPECT OF MR T J NAGLE'S SPOUSE
      IN RESPECT OF MR M L CHEESMER'S SPOUSE
      IN RESPECT OF MR P R KIRKLAND


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

ELIZABETH MARY NAGLE       3,000 Ordinary Shares
HAZEL ANN CHEESMER         5,750 Ordinary Shares
MR P R KIRKLAND            5,800 Ordinary Shares


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

      SEE 3



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

PURCHASES



7)    Number of shares acquired

      MR T J NAGLE             3,000
      MR M L CHEESMER          1,500
      MR P R KIRKLAND          3,000



8)      Percentage of shares acquired

      MR T J NAGLE              0.1%
      MR M L CHEESMER          0.05%
      MR P R KIRKLAND          0.1%

      of issued class



9)    Number of shares/amount of stock disposed

      N/A



10)   (N/A %)

      of issued class



11)   Class of security

      25p ORDINARY SHARES



12)   Price per share

152.5p



13)   Date of transaction

      23 AUGUST 2001



14)   Date company informed

      23 AUGUST 2001



15)   Total holding following this notification

      MR T J NAGLE             13,000 SHARES
      MR M L CHEESMER          16,750 SHARES      
      MR P R KIRKLAND           5,800 SHARES


16)   Total percentage holding of issued class following this notification

      MR T J NAGLE              0.41%
      MR M L CHEESMER           0.53%
      MR P R KIRKLAND           0.18%



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 grant
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

      MICHAEL CHEESMER        020 7626 3057



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

      MICHAEL CHEESMER


Date of notification

23 AUGUST 2001


END