Purchase of Own Securities

Grainger Trust PLC
31 July 2000


REPURCHASE OF SHARES

Grainger Trust Plc announces that on 31 July 2000
it purchased for cancellation 50,000 of its ordinary shares
at a price of 575p per ordinary share from Cazenove & Co.

Enquiries

Shona Beckett    Cazenove & Co.    020 7588 2828