Purchase of Own Securities

Grainger Trust PLC
26 July 2000


REPURCHASE OF SHARES

Grainger Trust Plc announces that on 26 July 2000
it purchased for cancellation 500,000 of its ordinary shares
at a price of 580p per ordinary share from Cazenove & Co.

Enquiries

Shona Beckett    Cazenove & Co.    020 7588 2828