Purchase of Own Securities

Grainger Trust PLC
30 January 2001


Grainger Trust plc 10.5% Quoted Debenture Stock 2024


Grainger Trust plc has repurchased and cancelled £5,150,000 nominal of its 10.5%
debenture stock 2024.  £7,850,000 nominal remains in issue.

Contact: Andrew Cunningham        Grainger Trust, Finance Director 0191 611819
       Francis Burkin/Tim Waters  Cazenove & Co.                   020 7588 2828