Director Shareholding

Stagecoach Theatre Arts PLC 
18 February 2003


                          Stagecoach Theatre Arts plc

                              Directors' Dealings

Stagecoach Theatre Arts plc ('Stagecoach' or the 'Company') was informed on 17
February, 2003 that the following Directors of Stagecoach had on that day bought
ordinary shares of 5p each in the Company ('Ordinary Shares') as set out below:


Name                 No of shares acquirred   % of issued Ordinary    Number of Ordinary Shares     % of Ordinary Shares
                                             Share capital acquired      held following this        held following this
                                                                             notification               notification

Stephanie Manuel             10,000                    0.1                    3,007,700(2                    31.0

David Sprigg                 10,000                    0.1                    3,007,700(2                    31.0

Julian Paul                  10,000                    0.1                       10,000                       0.1


Notes:

1.  Stephanie Manuel and David Sprigg are considered by the
Panel on Takeovers and Mergers to be a close 'concert party'.

2.  These holdings exclude a total of 100,459 Ordinary Shares
held by the Stagecoach Charitable Trust.  As trustees they are deemed to have a
non beneficial interest in this holding.


In addition to the above, Richard Dawson, the finance director of the Company,
exercised an option on 17 February, 2003 to acquire 2,000 Ordinary Shares at a
price of 42p each.  This holding represents Richard Dawson's only beneficial
holding save for his remaining option to acquire 236,931 Ordinary Shares at a
price of 42p each.


The Company will apply for the resulting Ordinary Shares to be admitted to
trading on the Alternative Investment Market and admission is expected to take
place on 24 February, 2003.


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