Purchase of Own Securities

Grainger Trust PLC
03 October 2002

For immediate release

Purchase of own securities

Grainger Trust has repurchased and cancelled £305,000 nominal of its 11.75%
debenture stock 2024. £619,500 nominal remains in issue.

Contact:

Andrew Cunningham, Finance Director, 0191 261 1819

Geoff Davis, Company Secretary, 0191 261 1819

Francis Burkitt/Tim Waters, Cazenove, 020 7825 9942/020 7214 7533


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