Holding(s) in Company

Grainger Trust PLC
9 July 2003

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

GRAINGER TRUST PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

AVIVA PLC


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

NO - SHARES HELD THROUGH MORLEY FUND MANAGEMENT LTD (SUBSIDIARY OF AVIVA)


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

                                        NO. OF
REGISTERED HOLDERS                 SHARES HELD

BNY NORWICH UNION NOMINEES LTD.        141,519
CHASE GA GROUP NOMINEES LTD.           481,528
CHASE NOMINEES LTD.                     39,230
CUIM NOMINEE LTD.                      115,499
RBSTB NOMINEES LTD.                     22,354
                                       800,130


5)   Number of shares/amount of stock acquired.
88,000


6)   ( 0.36 %) of issued Class


7)   Number of shares/amount of stock disposed
 -


8)   ( - %) of issued Class


9)   Class of security
ORDINARY 25P SHARES


10)  Date of transaction
7 JULY 2003


11)  Date company informed
9 JULY 2003


12)  Total holding following this notification
800,130

               
13)  Total percentage holding of issued class following this notification
3.23%


14)  Any additional information
 -


15)  Name of contact and telephone number for queries

M.P. WINDLE
0191 2611819


16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification     9 JULY 2003


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