Director/PDMR Shareholding

Grainger Trust PLC
03 January 2006

                                     SCHEDULE 11

                  NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED 
                                       PERSONS


1)   NAME OF COMPANY

     GRAINGER TRUST PLC

2)   NAME OF DIRECTOR

     ROBERT DICKINSON

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder
     if it is a holding of that person's spouse or children under the
     age of 18 or in respect of an non-beneficial interest

     YES - BENEFICIAL

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them. (If notified)

     HAMBRO INVESTMENT MANAGEMENT

5)   Please state whether notification relates to a person(s) connected
     with the Director named in 2 above and identify the connected person(s)

     NO

6)   Please state the nature of the transaction. For PEP transactions
     please indicate whether general/single co PEP and if discretionary/non
     discretionary

     DISPOSAL

7)   Number of shares/amount of
     stock acquired

     -

8)   Percentage of issued Class

     -

9)   Number of shares/amount
     of stock disposed

     50,000

10)  Percentage of issued Class

     0.04%

11)  Class of security

     5p ORD.

12)  Price per share

     £5.24

13)  Date of transaction

     3 JAN 2006

14)  Date company informed

     3 JAN 2006

15)  Total holding following this notification

     BENEFICIAL - 907,715
     NON-BENEFICIAL - 2,102,195

16)  Total percentage holding of issued class following this notification

     BENEFICIAL - 0.7%
     NON-BENEFICIAL - 1.6%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17)  Date of grant

     -

18)  Period during which or date on which exercisable

     -

19)  Total amount paid (if any) for grant of the option

     -

20)  Description of shares or debentures involved: class, number.

     -

21)  Exercise price (if fixed at time of grant) or indication that price
     is to be fixed at time of exercise

     -

22)  Total number of shares or debentures over which options held
     following this notification

     -

23)  Any additional information

     -

24)  Name of contact and telephone number for queries



25)  Name and signature of authorised company official responsible for
     making this notification
                              MICHAEL WINDLE - ASSISTANT COMPANY SECRETARY
     Date of Notification     3 JAN 2006



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