Director Shareholding

MFI Furniture Group PLC
05 March 2004



Company Announcements Office
London Stock Exchange
Old Broad Street
London
EC2N 1HP


5 March 2004


                    MFI FURNITURE GROUP PLC  ('the Company')


We advise that, following the completion of the transactions set out below on 4
and 5 March 2004 the interests of the Executive Directors and the Chairman in
MFI Furniture Group Plc ordinary shares ('the Shares'), excluding beneficial
interests in their conditional commitment shares held under the terms of the MFI
Executive Co-Investment Plan and Shares generally held in the MFI Furniture
Group Plc Employee Share Trust ('the EST'), were as follows:



Name                                 Prior to       Following transactions      Increase/(decrease)
                                   transactions

John Hancock                         796,255                830,255                   34,000

Martin Clifford-King                 210,109                475,109                   265,000

Mark Horgan                          286,238                510,957                   224,719

Matthew Ingle                        540,716                689,873                   149,157

Gordon MacDonald                     250,000                350,000                   100,000

Bob Wilson                           286,771                85,627                   (201,144)

Ian Peacock                          110,000                125,000                   15,000


Totals:                             2,480,089              3,066,821                  586,732



TRANSACTION ONE - MFI FURNITURE GROUP PLC PERFORMANCE SHARE PLAN


We advise that on 4 March 2004 awards granted in March 2001 to certain executive
directors under the MFI Furniture Group Plc Performance Share Plan ('the PSP')
vested following satisfaction of the performance target measured over the 3-year
period to 31 December 2003.  The Company achieved the second highest Total
Shareholder Return over the 3-year period when measured against a comparator
group of industry peers selected from the General Retailers Index.  The details
of this vesting for each director are set out in the table below which also
shows the number and price of Shares sold by the EST on behalf of each director.



The details are as follows:


          Name              Number of       Number of Shares sold at     Number of Shares sold     Number of
                          vesting Shares     148.5p per share to pay    at 148.5p per share for Shares retained
                                                income tax and NI                cash

Martin Clifford-King         224,719                 92,135                        0                132,584

John Hancock                 393,258                 161,236                    198,022             34,000

Mark Horgan                  224,719                    0                          0                224,719

Matthew Ingle                252,809                 103,652                       0                149,157

Gordon MacDonald             241,573                 99,045                     42,528              100,000

Bob Wilson                   224,719                 92,135                     132,584                0


TRANSACTION TWO - MFI FURNITURE GROUP SHARE OPTION PLAN PORTFOLIO


We advise that option awards granted on 22 December 2000 to Mr Clifford-King, an
executive director of the Company, under section one and section two of the MFI
Furniture Group Plc 2000 Share Option Plan Portfolio have vested following
satisfaction of a performance target measured over a 3-year period to 31
December 2002.


We further advise that on 4 March 2004 the Mr Clifford-King exercised an option
over 340,000 Shares at an exercise price of 68.5 pence per Share subject to the
option award made on 22 December 2001 (Option A) and on 5 March 2004 Mr
Clifford-King exercised an option over 43,795 shares at a price of 68.5 pence
per Share subject to the option award made on 22 December 2000 (Option B).

The details are as follows:


     Option       Number of Shares under Option  Shares sold at 147.75p for Option A to     Shares
                            exercised             pay any income tax, NI and loan for      retained
                                                           subscription cost

    Option A                 340,000                            251,379                     88,621

    Option B                 43,795                                                         43,795



TRANSACTION THREE - MFI FURNITURE GROUP PLC PERFORMANCE SHARE PLAN AND DEFERRED
INCENTIVE PLAN


We advise that on 4 March 2003, the executive directors of the Company have been
granted awards of Shares under the MFI Performance Share Plan ('the PSP') and
the MFI Deferred Incentive Plan ('the DIP') subject to performance conditions to
be measured over a three year period. The details of these awards are set out
below:


            Name               Performance Share Plan (number of    Deferred Incentive Plan (number of
                                         award shares)                        award shares)

John Hancock                                329,934                                 0

Martin Clifford-King                        197,960                                 0

Mark Horgan                                 197,960                                 0

Matthew Ingle                               232,894                               55,799

Gordon MacDonald                            205,724                                 0

Bob Wilson                                  178,553                                 0


We further advise that the EST acquired 2,087,416 Shares on 4 March 2004 at 149
pence per Share in connection with the PSP and the DIP. All of the directors of
the Company are deemed to be interested in all the Shares held by the EST as
potential beneficiaries of the Trust.

TRANSACTION FOUR - PURCHASE OF SHARES BY A DIRECTOR


We advise that on 4 March 2004 Mr Ian Peacock, a non-executive director and
Chairman of the Company, purchased 15,000 Shares in the Company at 148 pence per
Share. Mr Peacock's total beneficial holding of Shares in the Company following
this transaction is 125,000.



TRANSACTION FIVE - SALE OF SHARES BY A DIRECTOR


We advise that on 4 March 2004, Mr Bob Wilson an executive director of the
Company, sold 201,144 Shares in the Company at 148 pence per Share. Mr Wilson's
total beneficial holding of Shares in the Company following this transaction,
excluding his beneficial interest in 432,502 conditional commitment shares held
under the terms of the MFI Executive Co-Investment Plan, is 85,627 Shares.


Enquiries should be directed to:

Gerard Hughes, Company Secretary:    020 8913 5313

Fiona Laffan, Brunswick Group Ltd:     020 7404 5959

                      This information is provided by RNS
            The company news service from the London Stock Exchange