Directors' Dealings

Peel Hldgs PLC
18 January 2000

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

          Peel Holdings plc

2)  NAME OF DIRECTOR

          Paul Philip Wainscott

3)  Please state whether notification indicates that it is in respect of
    holding of the Director named in 2 above or holding of that person's
    spouse or children under the age of 18 or in respect of a non-beneficial
    interest

           Director named in 2 above

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

           Paul Philip Wainscott

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

           n/a

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

           Exercise of an option over 10,000 ordinary shares at a 
           subscription price of 236p per share

7)  Number of shares/amount of
    stock acquired

           10,000

8)   ( 0.012% )
    of issued Class

9)  Number of shares/amount
    of stock disposed



10)  (    % )
   of issued Class

11) Class of security

           Ordinary shares of 25 pence each

12) Price per share

           236p

13) Date of transaction



14) Date company informed



15) Total holding following this notification

           16,600

16) Total percentage holding of issued class following this notification



     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries

               N Lees 
               0161 629 8200

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification......................18 January 2000......