Director/PDMR Shareholding

Greggs PLC
02 September 2005



Greggs plc ("the Company") announces that, on 2 September 2005:



a)         Sir Michael Darrington (a director of the Company) exercised an
option held by him under the Company's Executive Share Option Scheme in respect
of 8,000 ordinary shares of 20p each in the Company (0.066% of the issued share
capital) at £17.015 per share.



b)         The shares required to satisfy the above option exercise were
supplied from the holding of the Company's Employee Benefit Trust, the trustees
of which include a number of directors of the Company.



c)         Sir Michael Darrington sold 8,000 ordinary shares of 20p each in the
Company at £45.00 per share.



Notes

1.         The total beneficial and non-beneficial holdings of each relevant
director (excluding interests in share options) following this notification are
as follows:


                                                      
                                    Beneficial              Non-beneficial
     Ian Gregg                 144,835 (1.19%)              48,924 (0.40%)
     Malcolm Simpson            87,986 (0.72%)              77,525 (0.64%)
     Sir Michael Darrington     78,802 (0.65%)              48,924 (0.40%)



2.         Both of the Executive Directors, Malcolm Simpson and Sir Michael
Darrington, have a potential beneficial interest in the 48,924 shares (0.40% of
the issued share capital) held by the Employee Benefit Trust following this
notification, shown above as part of their respective non-beneficial interests.



3.         This announcement constitutes a single announcement of all
notifications received by the Company pursuant to the Companies Act 1985 and
Disclosure Rule 3.1.2 R in respect of the transactions referred to above, all of
which both took place on 2 September 2005 in England and were notified to the
Company on the same date.


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