RNS Number:8015P
Grainger Trust PLC
16 September 2003


Grainger Trust plc.


Pursuant to the above-named Company's SAYE Scheme options over 17,118 Ordinary
Shares of 25p each have been exercised. Accordingly, application has been made
to The UK Listing Authority for these shares to be admitted to the Official List
and to the London Stock Exchange for these shares to be admitted to trading.
The Shares rank pari passu with the existing issued shares of the Company.

Copies of this announcement are available from the office of Cazenove & Co. Ltd
for the period of 2 business days from the date hereof.


END.


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