Directors' Notification of Dealing in Shares

Raphael Zorn Hemsley Hldgs PLC
29 March 2000



Raphael Zorn Hemsley Holdings PLC ('RZHH')

Purchase of shares by Directors and grant of options.

RZHH announces that on 28 March 2000 two Directors acquired ordinary shares at
275p per share, as follows:

Director's         Position      Shares     % of      Total No of  % of Shares
Name               in RZHH       Acquired   shares    shares       in Issue
                                            in Issue  now held

Charles Crick      Director      27,100     0.18      277,100*      1.85

Duncan Sweetland   Finance       17,000     0.11      45,000        0.30
                   Director

* Including shares held in a discretionary trust for the benefit of his infant
children

RZHH announces that Great Northern Investment Holdings Ltd acquired 40,000
RZHH ordinary shares at 275p and The Northbridge Fund has acquired 20,000 RZHH
ordinary shares at 275p.  David Craig, the Non-Executive Chairman, has a 45%
interest in Great Northern Investment Holdings Limited and a 9% interest in
The Northbridge Fund.  David Craig holds a 9.69% interest in Northbridge
Management Holdings which owns 30,000 ordinary shares and is therefore deemed
to be beneficially interested in these shares.

RZHH announces that it has today granted options over 1,040,000 RZHH ordinary
shares, representing 7.0% of the issued ordinary share capital, conditional on
shareholders' approval to a change in the limits of RZHH's two Executive Share
Option Schemes so as to permit the grant of options over 20% of the Company's
issued share capital from time to time.  An Extraordinary General Meeting of
shareholders will be convened shortly to approve the increase in the Schemes'
limits.

Of the 1,040,000 options granted over RZHH ordinary shares, 540,000 are
exercisable at 292.5p after 3 years from the date of grant of the options and
not more than 10 years after that date.  Included in the 540,000 options are
options granted to two Directors of RZHH, as follows:

Director's        Position     No of      % of      Total No of  % of Shares  
Name              in RZHH      Options    shares    shares       in Issue   
                               Granted    in Issue  now held 

Charles Crick      Director     60,000     0.40     200,000      1.34   

Duncan Sweetland   Finance      40,000     0.27     105,000      0.70
                   Director

Of the 1,040,000 options granted over RZHH ordinary shares, 250,000 are
exercisable at 292.5p provided that the mid-market price of RZHH shares is in
excess of 500p for any consecutive 60 day period from the date of grant of the
options to 3 years after that date (and on the date of exercise) and that the
RZHH share price during that three year period and up to the day that the
options are exercised, has outperformed the FT All Share Index.  The options
may not be exercised earlier than 3 years or later than 10 years after the
date of grant.  These options have been granted to 4 directors of RZHH, as
follows:

Director's         Position     No of      % of      
Name               in RZHH      Options    shares    
                                Granted    in Issue  

Oliver Hemsley     Chief         112,500    0.75      
                   Executive

David Craig        Non-Executive 56,250    0.38       
                   Chairman

Michael Sinclair   Non-Executive 56,250     0.38       

Paul Grant         Non-Executive 25,000    0.17       

Of the 1,040,00 options granted over RZHH ordinary shares, 250,000 are
exercisable at 292.5p provided that the mid-market price of RZHH shares is in
excess of 700p for any consecutive 60 day period from the date of grant of the
options to 3 years after that date (and on the date of exercise) and that the
RZHH share price during that three year period and up to the day that the
options are exercised, has outperformed the FT All Share Index.  The options
may not be exercised earlier than 3 years or later than 10 years after the
date of grant.  These options have been granted to 4 directors of RZHH, as
follows:

Director's         Position     No of      % of      Total No of   % of Shares
Name               in RZHH      Options    shares    Options       in Issue
                                Granted    in Issue  now held

Oliver Hemsley     Chief         112,500    0.75      475,000       3.18
                   Executive

David Craig        Non-Executive 56,250     0.38      112,500       0.75
                   Chairman

Michael Sinclair   Non-Executive 56,250     0.38      137,500       0.92

Paul Grant         Non-Executive 25,000     0.17      50,000        0.33