Director Shareholding

McInerney Holdings PLC
17 May 2002

                                   SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1)  Name of company

McInerney Holdings Plc

2)Name of Director

J. McNamara

3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest



4)  Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

J. McNamara



5)Please state whether notification relates to a person(s) connected

N/A

6)  Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non
discretionary

Disposal

7)  Number of shares/amount of
stock acquired



8)  Percentage of issued class



9)Number of shares/amount
of stock disposed

250,000

10) Percentage of issued class

0.77

11) Class of security
Ordinary

12) Price per share

€2.50

13) Date of transaction

15/05/02

14) Date company informed
informed

17/05/02

15) Total holding following this notification



497,500

16)Total percentage holding of issued class following this notification

1.53

If a director has been granted options by the company please complete the
following boxes

17) Date of grant



18)Period during which or date on which exercisable


19) Total amount paid (if any) for grant of the option

20) Description of shares or debentures involved: class, number

21) Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise



22) Total number of shares or debentures over which options held following this
notification


23) Any additional information


24) Name of contact and telephone number for queries

Mark Shakespeare

Tel [phone]

25) Name and signature of authorised company official responsible for making
this notification



Mark Shakespeare

Date of Notification..17 May 2002






This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.

                     This information is provided by RNS
            The company news service from the London Stock Exchange