Purchase of Own Securities

Grainger Trust PLC
15 September 2000

Grainger Trust PLC

REPURCHASE OF SHARES


Grainger Trust Plc announces that on 15 September 2000
it purchased for cancellation 40,000 of its ordinary shares
at a price of 470p per ordinary share from Cazenove & Co.

Enquiries

Shona Beckett    Cazenove & Co.    020 7588 2828