Director Shareholding

Enterprise Oil PLC
15 January 2002


Announcement Body Information:


SHARE OPTION EXERCISES BY FORMER EMPLOYEES

We have today been notified by the Trustee of the Enterprise Oil Employee
Worldwide Benefit Trust, of a transfer out of the trust on 15 January 2002 of
38,393 ordinary shares in the capital of the company following exercises of
share options made today by ex-employees. All such shares were sold by the
former members of staff following such exercises, 7,484 shares at 608p per
share and 30,909 shares at 611.5p per share.

The Directors, A R Armour, I G Craig, Sir Graham Hearne, W S H Laidlaw, A B
Shilston and K P Watts, are potential beneficiaries of the Trust (together
with all other employee share option holders) and are therefore treated under
the Companies Act 1985 as having a deemed interest in the total number of
shares held by the Trust. As a result, the Directors' deemed interests in the
Trust have been reduced by the above-noted number of shares disposed of.

For the avoidance of doubt, the Company confirms that this notification does
not relate to an actual dealing in the Company's securities by the above-noted
Directors whose beneficial interests in the Company remain unchanged
notwithstanding the above events.