Director Shareholding

Mountview Estates PLC
17 January 2002


MOUNTVIEW ESTATES PLC ('MOUNTVIEW' OR 'THE COMPANY')



Director's Shareholding



Mountview have today been notified that Mr. D.M. Sinclair (Chairman) sold
10,000 ordinary shares of 5p each in the Company at a price of £29.00 per
share on 16 January 2002. Mr. Sinclair's holding in the ordinary share capital
of the Company is now as follows:




Duncan M. Sinclair (including those of his wife and family)


Beneficial

Previous:               685,281     (17.57%)

Sold:                    10,000

New:                    675,281     (17.32%)


Non-beneficial

Previous               97,426        (2.50%)

Acquired:               10,000

New:                    107,426      (2.75%)