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National Express (NEX)

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Friday 21 March, 2003

National Express

Director Shareholding

National Express Group PLC
21 March 2003

The Company has been informed that on 20 March 2003, the Trustee of the National
Express Group Qualifying Employee Share Trust transferred 18,337 ordinary shares
at £3.36 and 161 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 517,176 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 O'Toole
and A C Walker, 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.


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