Dir.Shareholding-Amendment

Yule Catto & Co PLC
27 February 2004


REPLACEMENT ANNOUNCEMENT

The following replaces the 'Director Shareholding' announcement released under
RNS no.8251L at 17.03 on 2 June 2003. Section 7 'Number of shares acquired' is
25,000 and not 15,000. Section 15 'Total holding following this notification' is
86,827 and not 76,827 and Section 16 'Total percentage holding of issued class
following this notification' is 0.06% and not 0.04%. All other details remain
unchanged.

SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

Yule Catto & Co plc

2. Name of director

Peter Welch

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 interest

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

Gerrard Nominees

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


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

Purchase

7. Number of shares / amount of stock acquired

25,000

8. Percentage of issued class


9. Number of shares/amount of stock disposed


10. Percentage of issued class


11. Class of security

Ordinary

12. Price per share

£3.47

13. Date of transaction

30.05.03

14. Date company informed

30.05.03

15. Total holding following this notification

86,827

16. Total percentage holding of issued class following this notification

0.06 %

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

Richard Atkinson - 01279 459527

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

Richard Atkinson - Company Secretary

Date of Notification

                                                                      27.02.04

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for loss of business or loss of profits) arising in contract, tort or otherwise
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