Director Shareholding

Grainger Trust PLC 19 December 2001 LETTER TO COMPANY ANNOUNCEMENTS OFFICE Please find below Notification of interests of directors and connected persons forms relating to the purchase of 12,902 Grainger Trust plc 25p ordinary shares. These shares have been purchased on behalf of The Grainger Trust plc profit sharing scheme, of which Robert Dickinson is a trustee. Please note that three other directors, Stephen Dickinson, Rupert Dickinson and Andrew Cunningham, are all beneficiaries under this scheme and have a beneficial interest in 941 shares each as a result of the transaction. The shares were acquired at market value of £8.50 from subsidiary companies of Grainger Trust plc, who held the shares for the purposes of employee share schemes. In addition, 5,000 shares have today been transferred from the same holding to an employee under the terms of a bonus arrangement. As a result of these transactions, The Grainger Trust Employee Trustee Limited's holding of Grainger Trust plc shares has fallen to 189,889. LETTER FROM GRAINGER TRUST PLC DEALINGS BY DIRECTORS 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 NON-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) R H DICKINSON AND N BELLIS 5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s) DIRECTOR 6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary PURCHASE OF PROFIT SHARES 7) Number of shares/amount of stock acquired 12,902 8) (0.05%) of issued Class 9) Number of shares/amount of stock disposed 10) ( N/A %) of issued Class 11) Class of security 25P ORDINARY 12) Price per share £8.50 13) Date of transaction 19/12/01 14) Date company informed 19/12/01 15) Total holding following this notification 778,100 16) Total percentage holding of issued class following this notification 3.2% 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 SEE LETTER ABOVE 24) Name of contact and telephone number for queries G J DAVIS 0191 2611819 25) Name and signature of authorised company official responsible for making this notification Date of Notification 19/12/2001 DEALINGS BY DIRECTORS 1) NAME OF COMPANY GRAINGER TRUST PLC 2) NAME OF DIRECTOR RUPERT 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 SELF 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. (If notified) R H DICKINSON AND N BELLIS 5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s) SELF 6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary PURCHASE OF PROFIT SHARES 7) Number of shares/amount of stock acquired 941 8) (0.003%) of issued Class 9) Number of shares/amount of stock disposed 10) ( N/A %) of issued Class 11) Class of security 25P ORDINARY 12) Price per share £8.50 13) Date of transaction 19/12/01 14) Date company informed 19/12/01 15) Total holding following this notification 175,165 16) Total percentage holding of issued class following this notification 0.7% 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 SEE LETTER ABOVE 24) Name of contact and telephone number for queries G J DAVIS 0191 2611819 25) Name and signature of authorised company official responsible for making this notification Date of Notification 19/12/2001 DEALINGS BY DIRECTORS 1) NAME OF COMPANY GRAINGER TRUST PLC 2) NAME OF DIRECTOR STEPHEN 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 SELF 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. (If notified) R H DICKINSON AND N BELLIS 5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s) SELF 6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary PURCHASE OF PROFIT SHARES 7) Number of shares/amount of stock acquired 941 8) (0.003%) of issued Class 9) Number of shares/amount of stock disposed - 10) ( N/A %) of issued Class - 11) Class of security 25P ORDINARY 12) Price per share £8.50 13) Date of transaction 19/12/01 14) Date company informed 19/12/01 15) Total holding following this notification 1,387,893 16) Total percentage holding of issued class following this notification 5.6% 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 SEE LETTER ABOVE 24) Name of contact and telephone number for queries G J DAVIS 0191 2611819 25) Name and signature of authorised company official responsible for making this notification Date of Notification 19/12/2001 DEALINGS BY DIRECTORS 1) NAME OF COMPANY GRAINGER TRUST PLC 2) NAME OF DIRECTOR ANDREW CUNNINGHAM 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 SELF 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. (If notified) R H DICKINSON AND NIGEL BELLIS 5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s) SELF 6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary PURCHASE OF PROFIT SHARES 7) Number of shares/amount of stock acquired 941 8) (0.003%) of issued Class 9) Number of shares/amount of stock disposed 10) ( N/A %) of issued Class 11) Class of security 25P ORDINARY 12) Price per share £8.50 13) Date of transaction 19/12/01 14) Date company informed 19/12/01 15) Total holding following this notification 29,556 16) Total percentage holding of issued class following this notification 0.1% 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 SEE LETTER ABOVE 24) Name of contact and telephone number for queries G J DAVIS 0191 2611819 25) Name and signature of authorised company official responsible for making this notification Date of Notification 19/12/2001

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Grainger (GRI)
UK 100

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