Director Shareholding

Bunzl PLC
26 May 2004


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

BUNZL PLC

2. Name of director

DAVID MICHAEL WILLIAMS

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 a non-beneficial
interest

DIRECTOR NAMED IN 2 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)

DAVID MICHAEL WILLIAMS

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

N/A

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

SALE OF SHARES FOLLOWING THE EXERCISE OF OPTIONS UNDER THE (NO.2) EXECUTIVE
SHARE OPTION SCHEME GRANTED ON 23 JUNE 1994 AND GRANT OF OPTIONS UNDER PART A OF
THE LONG TERM INCENTIVE PLAN

7. Number of shares / amount of stock acquired

70,778

8. Percentage of issued class

0.02%

9. Number of shares/amount of stock disposed

70,778

10. Percentage of issued class

0.02%

11. Class of security

ORDINARY SHARES OF 25P EACH

12. Price per share

70,778 SHARES ACQUIRED AT 151P, SOLD AT 464.178P PER SHARE

13. Date of transaction

25 MAY 2004

14. Date company informed

25 MAY 2004

15. Total holding following this notification

122,802 (107,331 BENEFICIAL, 15,471 NON-BENEFICIAL)

16. Total percentage holding of issued class following this notification

0.03%

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant

26 MAY 2004

18. Period during which or date on which exercisable

26 MAY 2007 - 25 MAY 2014 (SUBJECT TO SATISFACTION OF PERFORMANCE CONDITION)

19. Total amount paid (if any) for grant of the option

NIL

20. Description of shares or debentures involved: class, number

125,000 ORDINARY SHARES OF 25P EACH

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

460.5P

22. Total number of shares or debentures over which options held following this
notification

1,174,425

23. Any additional information

N/A

24. Name of contact and telephone number for queries

MISS A MARTIN 020 7495-4950

25. Name and signature of authorised company official responsible for making
this notification

MR P N HUSSEY, COMPANY SECRETARY

Date of Notification

26 MAY 2004

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for loss of business or loss of profits) arising in contract, tort or otherwise
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