Additional Listing-Replacemnt

Grainger Trust PLC
12 September 2001



The issuer has made the following amendment to the additional listing
announcement released today at 15.30 under RNS No 8903J. The number of shares
should read 3,701 and not 3,071. All other details remain unchanged the full
corrected version is shown below





Grainger Trust plc



Pursuant to the above-named Company's SAYE Option Scheme options over
3,701 Ordinary Shares of 25p each have been exercised. Accordingly, application
has been made to The Financial Services Authority for these shares to be
admitted to the Official List and to the London Stock Exchange for these
shares to be admitted to trading. The Shares rank pari passu with the existing
issued shares of the Company.



Copies of this announcement are available from the office of Cazenove & Co.
Ltd for the period of 2 business days from the date hereof.



END.