Director Shareholding

Vp PLC
2 July 2002


                             Vp plc ('the Company')



The Remuneration Committee approved on 25th June 2002, the granting by the
Company of awards in respect of up to 100,000 of the Company's ordinary 5p
shares under the terms of the Long Term Incentive Plan to each of the following
directors : J.F.G. Pilkington and N.A. Stothard.

The shares awarded will only vest if performance targets are achieved or
exceeded during the three year period from 1st April 2002 to 31st March 2005.




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