Director/PDMR Shareholding

Grainger Trust PLC
13 December 2005


LETTER TO:  RNS
           
Directors Shareholdings

Grainger Trust plc ('Company') announces that Rupert Dickinson and Andrew
Cunningham have received 210,325 and 105,160 ordinary shares respectively in the
Company pursuant to the terms of the Deferred Bonus Scheme. This scheme was
approved by shareholders on 5 March 2002.

The Company also announces that Rupert Dickinson and Andrew Cunningham have
received 51,945 and 45,450 ordinary shares respectively in the Company pursuant
to the terms of the Company's Long Term Incentive Plan.

The Company further announces the following sales of ordinary shares by
directors of the Company on 12 December 2005 for a price of 478 pence per share.


Director                       Number of shares     Total holding          Total percentage
                                           sold    following this         holding of issued
                                                     notification     shares following this
                                                                               notification     

Rupert Dickinson                        210,325         1,511,334                      1.17%     

Andrew Cunningham                       145,000           377,119                      0.29%

From:  M P Windle (Assistant Company Secretary, Grainger Trust Plc)

                      This information is provided by RNS
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