Director Shareholding

3i Group PLC
10 January 2003

The Listing Rules - Chapter 16, Paragraph 16.13

As potential beneficiaries of The 3i Group Employee Trust (the 'Trust') all
employees of 3i Group plc and its subsidiaries have an interest in all the
shares ('Shares') of 50p each in the Company held by the Trust for the purposes
of section 324 Companies Act 1985.  These employees include the executive
directors of 3i Group plc: Brian Larcombe, Martin Gagen, Michael Queen and Rod
Perry (the 'Directors').



On 9 January 2003, participants (who are not Directors or former Directors)
exercised options under the Company's Management Equity Investment Plan to
acquire from the Trust 24,923 Shares; 5,156 Shares at a price of £nil per Share
and 19,767 Shares at a price of £5.155 per Share.



Each of the Directors notified 3i Group plc of the changes in his interest in
these Shares on 10 January 2003.




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