Director Shareholding

United Overseas Group PLC
25 September 2001



                  UNITED OVERSEAS GROUP PLC (the 'Company')

                            Director Shareholding


The Company announces that Jeffrey Curtiss, Group Chief Executive, purchased
515,681 ordinary shares of 1p each in United Overseas Group at 2.5p per share
on 25 September 2001.

Following this acquisition, Jeffrey Curtiss and Madeleine Sandersson-Curtiss,
the underwriters of the recent Rights Issue, hold a total of 297,549,990
ordinary shares, which represents 78.36% of the Company's issued share
capital.


25 September 2001