Director Shareholding

Cater Barnard PLC
29 December 2003


FOR IMMEDIATE RELEASE                        29 December 2003


                               CATER BARNARD PLC

                       ('Cater Barnard' or 'the Company')

                            Directors' Shareholding


Cater Barnard has been informed that, on 19th December 2003, Global Investments
Limited ('Global') was called upon to sell 63,500,000 Cater Barnard ordinary
shares at a price of 0.316p per share to Meynard Freres Limited, under an option
granted on 28th November 2003. As a result of the sale, Global now holds
295,821,413 ordinary shares in the Company, representing approximately 31.51% of
the Company's issued ordinary share capital. Global is the trustee of a trust in
which Stephen Dean, the Chairman of the Company, has a beneficial interest.

Meynard Freres Limited has notified the Company that it holds 63,500,000
ordinary shares in the Company, representing approximately 6.67% of the
Company's issued ordinary share capital.


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