23 August 2000
Directors' Interests in Shares of GKN plc
GKN Quest Trustee Ltd, the trustee of the discretionary trust established by
deed on 30th June 1997 to facilitate the operation of the GKN and Westland SAYE
Share Option Schemes (the 'Schemes'), has today subscribed for 35,935 50p
ordinary shares of GKN plc, 33,509 at 871p per share, 1,152 at 184.4p per share,
288 at 238p per share and 986 at 395p per share, representing less than 0.01% of
the current issued share capital. 17,738 of these shares, together with 57,550
shares already held by the trust, were immediately transferred by GKN Quest
Trustee Ltd to employees who had validly exercised options granted under the
Schemes in respect of such shares. 1,150,383 shares remain in the trust.
Sir C. K. Chow, Mr. M. Beresford, Mr. D. J. Wright, Mr. K. Smith, Mr. D. J.
Turner and Mr. R. W. Etches, Directors of GKN plc, are potential beneficiaries
under the discretionary trust (together with all other UK employees of the GKN
Group) and are therefore interested in the shares whilst they are held by GKN
Quest Trustee Ltd.