Director Shareholding

Stagecoach Theatre Arts PLC 
18 August 2004

Stagecoach Theatre Arts plc (the 'Company')

Directors Dealings

David Sprigg, Joint Managing Director today purchased 40,000 ordinary shares of
5p each in the Company ('Ordinary Shares'), at a price of £1.00 per share, from
the spouse of Manzoor Ishani, the Company's Franchise Development Director.

The specific details of the Directors transactions are set out below:

Name          No of shares Bought / Sold  % of issued Ordinary    Number of Ordinary       % of Ordinary Shares
                                          Share capital bought /  Shares held following    held following this
                                          sold                    this notification        notification

David Sprigg  40,000       Bought         0.41%                   2,547,7001               26.19%

Manzoor       40,000       Sold           0.41%                   13,5732                  0.14%
Ishani



Notes:

1. David Sprigg, joint managing director, is considered by the Panel on
Takeovers and Mergers to be a close 'concert party' with Stephanie Manuel, joint
managing director who holds 3,007,700 Ordinary Shares, representing 30.92 per
cent of the issued Ordinary Share capital. These holdings exclude a total of
100,459 Ordinary Shares held by the Stagecoach Charitable Trust. As trustees
David Sprigg and Stephanie Manuel are deemed to have a non-beneficial interest
in this holding.

2. This shareholding is a beneficial interest by virtue of this shareholding
being held by the spouse of the Director.


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