Holding in Company

Grainger Trust PLC
24 July 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

Grainger Trust PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

The William Pears Family Holdings Limited

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



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

WP Nominees Limited

5)   Number of shares/amount of stock acquired.

N/A

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

250,000

8)   ( 0.98%) of issued Class

9)   Class of security

Ordinary Shares of 25p each

10)  Date of transaction

21st July 2000

11)  Date company informed

24th July 2000

12)  Total holding following this notification

670,000
               
              
13)  Total percentage holding of issued class following this notification

2.6%

14)  Any additional information



15)  Name of contact and telephone number for queries

G J Davis   0191 2611819

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ..24/7/2000