Director Shareholding

Headlam Group PLC
4 April 2001

Headlam Group plc - Exercise of options by Directors

On 3 April 2001, the following Directors exercised options under the rules of
the Headlam Group Sharesave Scheme. The Directors have retained all of these
shares and their resultant shareholdings are set out below:


Director Total Shares   Exercise Resultant number of Resultant percentage of
         Exercised      Price    shares held         issued share capital

A. J.    12,420         138.8p   443,894             0.53
Brewer

S. G.    12,420         138.8p   211,433             0.25
Wilson

End