Director Shareholding

LEPCO plc
2 August 2001

                     LEPCO plc ('LEPCO' or the 'Company')

                 Directors Shareholdings and grant of options




On 24 July 2001 the following options were granted to the directors of LEPCO,
for nil consideration, as follows.



Director      Number of Options            Period of Exercise    Exercise Price

                                                                            (p)

Dr E J Butler           250,000     9 years from 24 July 2002                 4

R O' Toole              700,000     9 years from 24 July 2002                 4

G Thomson               700,000     9 years from 24 July 2002                 4

P Wilde                 250,000     9 years from 24 July 2002                 4

H Wilson                700,000     9 years from 24 July 2002                 4


In addition, as a result of the recent open offer which was approved by
shareholders at the Extraordinary General Meeting of the Company on 18 July
2001, the Company has been informed of the following changes in holdings of
the directors.



Director         Number of   Number of shares   Percentage of   Total Number
                  Ordinary      following the        Ordinary     of options
                   Shares          Open Offer   Share capital           held
                                                    following 
                 Prior to                      the Open Offer
                 the Open     
                    Offer

Dr E J Butler      88,000            213,000             0.60      250,000


R  O'Toole*     1,801,000         10,340,872            29.31      700,000


G Thomson*      1,801,000         10,340,872            29.31      700,000


P K Wilde         329,000            490,000             1.38      250,000


H Wilson *      1,801,000         10,340,872            29.31      700,000



* by virtue of their being direct or indirect members of Endeavour, each of
Harry Wilson, Richard O'Toole and Graeme Thomson has an interest in these
shares in LEPCO held by or on behalf of Endeavour.




2 August 2001