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National Express (NEX)

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Thursday 23 January, 2003

National Express

Director Shareholding

National Express Group PLC
23 January 2003

The Company has been informed that on 22 January 2003, the Trustee of the
National Express Group Qualifying Employee Share Trust transferred 10,094
ordinary shares at £3.36 and 888 at £4.27 respectively to satisfy the exercise
of options under the National Express Group 1992 Savings Related Share Scheme.
Following these transfers, the National Express Group Qualifying Employee Share
Trust holds a total interest in the Company of 540,561 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 and
R O'Toole, 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.

                      This information is provided by RNS
            The company news service from the London Stock Exchange