Director Shareholding

Athelney Trust PLC
09 December 2004

ATHELNEY TRUST PLC (the 'Company')



DIRECTOR'S SHAREHOLDING



The Company announces that it was notified on 8 December 2004 that a pension
scheme of which David Horner (a director of the Company) is a beneficiary,
purchased 5,000 (0.27%) Ordinary Shares of 25 pence at a price of 87.5 pence per
share on 6 December 2004.



Following this transaction Mr.Horner's beneficial interest in the issued
ordinary share capital of the Company is 15,000 (0.83 %) ordinary shares.  The
above figure comprises a holding of 15,000 shares owned by a pension fund in
which Mr. Horner has an interest.



END




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