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National Express (NEX)

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Wednesday 27 August, 2003

National Express

Director Shareholding

National Express Group PLC
27 August 2003

The Company has been informed that on 26 August 2003, the Trustee of the
National Express Group Qualifying Employee Share Trust transferred 1,308
ordinary shares at £4.27 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 92,009 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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