Director Shareholding

GUS PLC
29 May 2003



ANNOUNCEMENT

On 7 April 2000 the Company made awards under its Performance Share Plan to
directors with such awards taking the form of a deferred right to acquire shares
at no cost to the participant. The April 2000 awards included an award of
146,393 Ordinary shares to John Peace and an award of 69,204 Ordinary shares to
David Tyler.

The vesting of such awards is subject to performance conditions and the
conditions in respect of this award have now been satisfied. Accordingly, after
the sale of sufficient shares to satisfy the UK tax liability, the following
shares have been transferred to directors of the Company today:
John Peace - 90,961 Ordinary shares 
David Tyler - 43,000 Ordinary shares

Following these transfers John Peace holds 187,331 Ordinary shares in the 
Company and David Tyler holds 95,882 Ordinary Shares in the Company.

The sale of the shares to satisfy the tax liability was made on 28 May at a 
price of 632.356p per share.


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