Director Shareholding

Seascope Shipping Holdings PLC 15 March 2001 DEALINGS BY DIRECTORS 1) NAME OF COMPANY SEASCOPE SHIPPING HOLDINGS PLC 2) NAME OF DIRECTOR DEREK WALTER 3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of an non-beneficial interest AS ABOVE 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. (If notified) DEREK WALTER 5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s) - 6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary - 7) Number of shares/amount of stock acquired N/A 8) (N/A %) of issued Class 9) Number of shares/amount of stock disposed N/A 10) (N/A %) of issued Class 11) Class of security N/A 12) Price per share N/A 13) Date of transaction N/A 14) Date company informed N/A 15) Total holding following this notification - 16) Total percentage holding of issued class following this notification - IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE THE FOLLOWING BOXES 17) Date of grant 9 MARCH 2001 18) Period during which or date on which exercisable 23,333 ORDINARY SHARES EXERCISABLE FROM THE DAY AFTER THE AGM APPROVING THE RESULTS FOR THE FINANCIAL YEAR ENDING 28 FEBRUARY 2002 TO 8 MARCH 2011 23,333 ORDINARY SHARES EXERCISABLE FROM THE DAY AFTER THE AGM APPROVING THE RESULTS FOR THE FINANCIAL YEAR ENDING 28 FEBRUARY 2003 TO 8 MARCH 2011 23,334 ORDINARY SHARES EXERCISABLE FROM THE DAY AFTER THE AGM APPROVING THE RESULTS FOR THE FINANCIAL YEAR ENDING 28 FEBRUARY 2004 TO 8 MARCH 2011 19) Total amount paid (if any) for grant of the option N/A 20) Description of shares or debentures involved: class, number. 70,000 ORDINARY SHARES OF 10P 21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise 181.5P 22) Total number of shares or debentures over which options held following this notification 70,000 23) Any additional information - 24) Name of contact and telephone number for queries DEREK WALTER 020 7903 2727 25) Name and signature of authorised company official responsible for making this notification Date of Notification 15 MARCH 2001

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Braemar (BMS)
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