Director Shareholding

The FirstGroup plc Share Incentive Plan ('the Plan')              

In common with all eligible employees, each of the executive directors of
FirstGroup plc ('the Company') have been invited to apply for Partnership
Shares under the Plan on a monthly basis.

On 24 May 2004, in accordance with standing instructions, Iain Lanaghan and
David Leeder each chose to contribute to purchase 45 Partnership Shares. The
Company matched these shares on a two for three basis with shares to the value
of £20. Accordingly, both Iain Lanaghan and David Leeder each received 7
Matching Shares. The shares were purchased at a price of 276.00 pence per
share.

Following these transactions, Iain Lanaghan's beneficial holding is 6,905
shares and David Leeder's beneficial holding is 869 shares.

25 May 2004