RNS Number:2337T
Grainger Trust PLC
12 December 2003

Grainger Trust plc

12 December 2003

Director shareholding

Grainger Trust announces the following sales of ordinary shares by directors of
the Company today:


Director              Number of Shares    Price per    Total Holding following    Total % Holding of Issued
                            Sold        share (pence)     this announcement         Shares following this
                                                                                        announcement

Robert Dickinson            7,287            1578              695,734                      2.81%
                                             
Stephen Dickinson           3,644            1578             1,346,322                     5.42%
                                             
Rupert Dickinson            5,465            1578              254,625                      1.03%
                                             
Andrew Cunningham           7,287            1578              73,732                       0.30%
                                             
Sean Slade                  2,978            1580              31,809                       0.13%




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