Director Shareholding

Molins PLC
2 January 2002

                  LONG TERM INCENTIVE PLAN AWARDS

Molins PLC announces the grant on 1st January 2002 of awards, under the rules of
the Long Term Incentive Plan, of ordinary shares of 25p each in the Company by 
the Remuneration Committee to the Executive Directors of the Company as set out 
below.


Director                         Number of Ordinary
                                 Shares of 25p each

Mr P J Byrom                          120,000 
Mr D J Cowen                          120,000 
Dr A J P Sabberwal                    120,000 

In accordance with institutional guidelines on long term remuneration for senior
executives, awards to participants in the Plan are dependent on sustained 
performance by participants and on the underlying financial performance of the 
Company in the three years commencing 1st January 2002.