Director Shareholding

Molins PLC
3 March 2004

                    LONG TERM INCENTIVE PLAN AWARDS

Molins PLC announces the grant by the Remuneration Committee to the Executive
Directors of the Company on 2nd March 2004 of awards, under the rules of the 
Long Term Incentive Plan, of ordinary shares of 25p each in the Company as set 
out below.
 
Director                    Number of Ordinary
                            Shares of 25 p each

Mr P J Byrom                84,000
Mr D J Cowen                60,000
Dr A J P Sabberwal          28,000
 
 
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 ending 31 December 2006.



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