Director/PDMR Shareholding

Athelney Trust PLC
29 September 2006



                       ATHELNEY TRUST PLC (the 'Company')

                            DIRECTORS' SHAREHOLDINGS

The Company announces that it was notified on 26 September 2006 of the revised
holdings of Robin Boyle and Hugo Deschampsneufs in the Company as follows:

Director                  Previous interest in      Current interest in       % of current issued share
                          ordinary shares           ordinary shares           capital

Mr Deschampneufs          108,750                   69,913                    3.9%

Mr Boyle                  490,000                   448,970                   24.9%

The revised holdings are following the reorganisation of the pension fund
interests of Hugo Deschampsneufs (Chairman of the Company) and Robin Boyle
(Managing Director of the Company) on the 18 September 2006.  The assets have
now been transferred for no consideration from a co-mingled pension plan to
individual Self-Invested Personal Pensions.

The holding of Mr. Deschampsneufs now includes 19,163 ordinary shares held in
his Self-Invested Personal Pension and the holding of Mr. Boyle now includes
16,970 ordinary shares held in his Self-Invested Personal Pension.

For further information

Robin Boyle, Managing Director, Athelney Trust plc, 020 7628 7937




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