Director/PDMR Shareholding

Grainger Trust PLC
09 September 2005


Letter to RNS

Directors Shareholdings
-----------------------

The company was notified on 9 September 2005 that the following shares have been 
purchased for the respective Directors.

The shares which were purchased under the Company's SIP are registered in the 
name of Capita IRG.

The price per 5p ordinary share was £4.51.


Director              Number of         Total holding      Total percentage
                   shares acquired     following this     holding of issued
                                        notification    shares following this
                                                             notification

Rupert Dickinson         84              1,459,596             1.13%     
Stephen Dickinson        84              6,262,816             4.84%     
Andrew Cunningham        84                371,266             0.29%



For and on behalf of 
GRAINGER TRUST plc


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