Additional Listing

Grainger Trust PLC
02 October 2003



Grainger Trust plc.

Pursuant to the above-named Company's SAYE Share Option Scheme options over
1,033 Ordinary Shares of 25p each have been exercised. Accordingly, application
has been made to The UK Listing Authority for these shares to be admitted to the
Official List and to the London Stock Exchange for these shares to be admitted
to trading.  The Shares rank pari passu with the existing issued shares of the
Company.

Copies of this announcement are available from the office of Cazenove & Co. Ltd
for the period of 2 business days from the date hereof.


END.


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