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National Express (NEX)

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Wednesday 23 April, 2003

National Express

Director Shareholding

National Express Group PLC
23 April 2003


The Company has been informed that on 22 April 2003, the Trustee of the National
Express Group Qualifying Employee Share Trust transferred 39,270 ordinary shares
at £4.27 and 7,194 at £3.36 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 470,212 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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