Director Shareholding

Athelney Trust PLC
26 November 2001


ATHELNEY TRUST PLC (the 'Company')


DIRECTORS' SHAREHOLDINGS


The Company announces that it was advised that, on 26 November 2001, the
Managing Director, Mr Robin Boyle, purchased 95,000 (5.27%) Ordinary Shares of
25 pence at a price of 80 pence per share.  The shares will be held in the
name of Trehellas House Limited, a company owned by Mr. Boyle and his
daughter.

The shares were previously held jointly by Mr Richard Ellert, a director of
the Company, and another in their capacity of Trustees of the NHP Plc pension
fund, a fund in which Mr Ellert has an interest.

Following this transaction Mr. Boyle's beneficial interest in the issued
ordinary share capital of the Company is 356,000 (19.75%) ordinary shares.
The above figures include a holding of 58,000 shares owned by a pension fund
in which Mr. R. G. Boyle and the Chairman, Mr. H.B. Deschampsneufs, have an
interest.  Mr Ellert's holding falls to 3,300 (0.18%) ordinary shares.



END