Additional Listing

Churchill China PLC
30 March 2005



                              Churchill China plc

                 Additional listing and directors' shareholdings


On 29th March 2005, Churchill China plc ('the Company') issued 53,000 ordinary
shares of 10 pence each in the Company as a result of the exercise of options
over it shares, granted in accordance with its share option schemes. The
exercise price of these options was as follows:

7,500 shares at an exercise price of 118.5 pence per share
45,500 shares at an exercise price of 151.0 pence per shares.

The total shares in issue following the issue of these share will be will be
10,847,126 ordinary shares of 10 pence each in the Company.

Application has been made for the new ordinary shares to be admitted to trading
on the AIM Market of the London Stock Exchange plc ('AIM'). The new ordinary
shares will rank pari passu with the existing ordinary shares in the Company and
trading of these shares on AIM is expected to commence on 4th April 2005.

As part of the above, the following directors of the Company exercised share
options as listed below:

David Taylor exercised share options in respect of 10,000 ordinary shares at an
exercise price of 151.0 pence per share under the Company's Executive Share
Option Scheme. Following this transaction Mr Taylor holds an interest in 20,000
ordinary shares in the Company, representing approximately 0.2 per cent. of the
total issued share capital of the Company. Additionally, Mr Taylor retains an
interest in a further 62,500 options over the shares of the Company as follows:

No. of options   Scheme                    Exercise period      Exercise price

         7,500   Unapproved Executive      April 2003 to April           118.5p
                 Share Option Scheme       2010
         9,500   Executive Share Option    December 2003 to              151.0p
                 Scheme                    December 2010
        20,500   Unapproved Executive      December 2003 to              151.0p
                 Share Option Scheme       December 2010
        15,000   Unapproved Executive      April 2005 to April           171.0p
                 Share Option Scheme       2012
        10,000   Unapproved Executive      April 2007 to April           208.0p
                 Share Option Scheme       2014


David O'Connor exercised share options in respect of 7,500 ordinary shares at an
exercise price of 118.5 pence per share and 20,500 ordinary shares at an
exercise price of 151.0 pence per share under the Company's Unapproved Executive
Share Option Scheme. Following this transaction Mr O'Connor holds an interest in
32,599 ordinary shares in the Company, representing approximately 0.3 per cent.
of the total issued share capital of the Company. Additionally, Mr O'Connor
retains an interest in a further 34,750 options over the shares of the Company
as follows:

No. of options   Scheme                    Exercise period      Exercise price

         9,750   Executive Share Option    December 2003 to              151.0p
                 Scheme                    December 2010
        15,000   Unapproved Executive      April 2005 to April           171.0p
                 Share Option Scheme       2012
         4,000   Executive Share Option    April 2008 to April           208.0p
                 Scheme                    2014
         6,000   Unapproved Executive      April 2007 to April           208.0p
                 Share Option Scheme       2014

Ralph Grundy exercised share options in respect of 10,000 ordinary shares at an
exercise price of 151.0 pence per share under the Company's Executive Share
Option Scheme. Following this transaction Mr Grundy holds an interest in 14,500
ordinary shares in the Company, representing approximately 0.1 per cent. of the
total issued share capital of the Company. Additionally, Mr Grundy retains an
interest in a further 55,000 options over the shares of the Company as follows:

No. of options   Scheme                    Exercise period      Exercise price

         9,500   Executive Share Option    December 2003 to              151.0p
                 Scheme                    December 2010
        20,500   Unapproved Executive      December 2003 to              151.0p
                 Share Option Scheme       December 2010
        15,000   Unapproved Executive      April 2005 to April           171.0p
                 Share Option Scheme       2012
        10,000   Unapproved Executive      April 2007 to April           208.0p
                 Share Option Scheme       2014




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