Director Shareholding

FirstGroup plc - Notification of Directors' Interests in Shares        

With effect from June 2002, each Non-Executive Director of the Company (other
than George Law, the Non-Executive Employee Director) has elected to have 40%
of his fees in the form of shares in the Company. Arrangements have been made
for these shares to be purchased on their behalf in the market on a regular
basis.

Purchases took place on 03 January 2003 as follows:-

Director                               Ordinary Shares of 5 pence each
                                                                      
Martin Gilbert                                                   1,414
                                                                      
David Dunn                                                         455
                                                                      
Jim Forbes                                                         455
                                                                      
John Sievwright                                                    455

Shares were purchased at a price of 233.5 pence per share.

The revised total beneficial holdings of the directors following these
transactions are:-

Director                               Ordinary Shares of 5 pence each
                                                                      
Martin Gilbert                                                  29,017
                                                                      
David Dunn                                                      11,130
                                                                      
Jim Forbes                                                       3,130
                                                                      
John Sievwright                                                 10,630

03 January 2002