Director Shareholding

Woolwich PLC
11 October 2000



Woolwich plc - Directors' Shareholdings

Woolwich plc

Notification of Acquisition of Shares by Woolwich Qualifying Employee  Share
Ownership Trustee Limited

The trustees of the Woolwich Qualifying Employee Share Ownership Trust,
Woolwich Qualifying Employee  Share Ownership Trustee Limited ('QUEST') hereby
give notice that the executive directors of Woolwich plc ('the Company'),
namely:


J M Stewart
L M Peacock
R H Meddings
I W Poston
J M Baddeley


have a potential interest in the QUEST and that on 11 October 2000 the
trustees of the QUEST acquired the following ordinary shares in the Company


Number of Shares                    Price per share

1,400,560                                357p


increasing the total of  ordinary shares in the Company held by the QUEST to
4,044,998 representing 0.26% of the issued share capital.