Director Shareholding

Greggs PLC
20 May 2004

On 19th May 2004 Greggs plc (the "Company") was notified that on 19th May 2004,
the trustees of the Greggs Employee Benefit Trust, including Ian Gregg, Sir
Michael Darrington and Malcolm Simpson (directors of the Company), acquired
1,381 ordinary shares of 20p each in the Company (0.011% of the issued shares)
at £33.386314p per share.

After the acquisition, the trustees of the Employment Benefit Trust hold 265,544
ordinary shares in the Company (2.19% of the issued shares)

The total beneficial and non-beneficial holdings of each relevant director
(excluding interests in share options) following this notification are as
follows:-

                                  Beneficial              Non-beneficial

Ian Gregg                      155,490 (1.28%)            265,544 (2.19%)

Malcolm Simpson                 85,523 (0.71%)            294,145 (2.42%)

Sir Michael Darrington          70,440 (0.58%)            265,544 (2.19%)

(Both of the Executive Directors, Malcolm Simpson and Sir Michael Darrington,
have a potential beneficial interest in the 265,544 shares held by the Employee
Benefit Trust shown above as part of their respective non-beneficial interests).


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