Director Shareholding

Enterprise Oil PLC
24 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 24 January 2002 of
24,043 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. 6,964 such shares were sold at
606.38p per share and 17,079 shares were sold at 606.00p 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.



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