Purchase of Own Securities

Grainger Trust PLC
20 September 2000


REPURCHASE OF SHARES


Grainger Trust Plc announces that on 20 September 2000
it purchased for cancellation 140,000 of its ordinary shares
at a price of 560p per ordinary share from Cazenove & Co.

Enquiries

Shona Beckett    Cazenove & Co.    020 7588 2828