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National Express (NEX)

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Tuesday 27 May, 2003

National Express

Director Shareholding

National Express Group PLC
27 May 2003



The Company has been informed that on 23 May 2003, the Trustee of the National
Express Group Qualifying Employee Share Trust transferred 171,504 ordinary
shares at £4.27 and 12,649 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 211,775 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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