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National Express (NEX)

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Tuesday 17 July, 2001

National Express

Director Shareholding

National Express Group PLC
17 July 2001

The Company has been informed that on 16 July 2001, the Trustee of the
National Express Group Qualifying Employee Share Trust transferred 10,013
ordinary shares at £2.57 and 2,306 ordinary shares at £4.27 to satisfy the
exercise of options under the National Express Group 1992 Savings Related
Share Scheme.  Following this transfer, the National Express Group Qualifying
Employee Share Trust holds a total interest in the Company of 1,000,308
shares.  As all employees of the Company and its subsidiaries are potential
beneficiaries under the Trust on an equal basis, the executive directors of
the Company, Messrs P M White, R H Brown, R O'Toole and W P Rollason, in their
capacity as members of the class of potential beneficiaries under the Trust,
are deemed to have an interest in these shares pursuant to the Companies Act
1985.