Holding in Company

McInerney Holdings PLC
24 October 2001

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

McInerney Holdings Plc

2) Name of director

Mark Shakespeare (Secretary)

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

Mark Shakespeare

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

McInerney Holdings Share Trust Company Limited

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

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

Exercise of Share Warrants

7) Number of shares/amount of
stock acquired

200,000

8) Percentage of issued class

0.6%

9) Number of shares/amount
of stock disposed

Nil

10) Percentage of issued class

N/A

11) Class of security

Ordinary

12) Price per share

Euro12.69738 cents

13) Date of transaction

23 October 2001

14) Date company informed

23 October 2001

15) Total holding following this notification

402,687

16) Total percentage holding of issued class following this notification

1.24%


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

17) Date of grant

N/A

18) Period during which or date on which exercisable

N/A

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

N/A

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

N/A

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

N/A

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

N/A



23) Any additional information

N/A

24) Name of contact and telephone number for queries

Mark Shakespeare 00 353 1 4962010

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

Date of Notification...23 October 2001 ...............................