Director Shareholding

Henderson Strata Investments PLC
29 December 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

 HENDERSON STRATA INVESTMENTS PLC


2. Name of director

 R D H BRYCE


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 or in respect of a non-beneficial
interest

 BENEFICIAL


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

 LLOYDS TSB REGISTRARS SAVINGS NOMINEES LIMITED


5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

 MR BRYCE HIMSELF


6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

 SHARE PURCHASE - 100% BENEFICIAL


7. Number of shares / amount of stock acquired

73


8. Percentage of issued class

 INSIGNIFICANT


9. Number of shares/amount of stock disposed

 -


10. Percentage of issued class

 -


11. Class of security

 ORDINARY 25P SHARES


12. Price per share

 336P


13. Date of transaction

24 DECEMBER 2003


14. Date company informed

29 DECEMBER 2003


15. Total holding following this notification

 15,257


16. Total percentage holding of issued class following this notification

 0.09%


If a director has been granted options by the company please complete the
following boxes.

17. Date of grant

 -


18. Period during which or date on which exercisable

 -


19. Total amount paid (if any) for grant of the option

 -


20. Description of shares or debentures involved: class, number

 -


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

 -


22. Total number of shares or debentures over which options held following this
notification

 -


23. Any additional information

 -


24. Name of contact and telephone number for queries

 W J KING 020 7818 4233


25. Name and signature of authorised company official responsible for making
this notification

W J KING, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES LIMITED, SECRETARY


Date of Notification

29 DECEMBER 2003


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document or material and does not accept any liability for error or omission.
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for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
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