STOCK EXCHANGE ANNOUNCEMENT                                              
                                                                                                                       
                                                   PIZZAEXPRESS PLC                                                    
 
 
 
 
DIRECTORS' INTEREST - PURCHASE OF SHARES UNDER EMPLOYEE SHARE INCENTIVE PLAN
 
On 7 February 2003, the following directors purchased ordinary shares of 10 pence each under the rules of the
PizzaExpress Employee Share Incentive Plan ("the Plan"), an Inland Revenue approved all employee share purchase plan.
 
Director                 Shares purchased     Price               
                                                                  
John Metcalf             43                   293p                
David Page               43                   293p                
David Sykes              43                   293p                
Nick Taylor              43                   293p                
                                                                  
Each director was also allocated 43 ordinary shares under the matching rules of the Plan, at a price of 293 pence per
share, the beneficial ownership of which  will pass to them in three years' time, subject to continuing employment with
the Company and retention of the purchased shares.
 
On 9 January 2003, the PizzaExpress PLC UK Employee Benefit Trust purchased a total of 5,309 ordinary shares, and
awarded 5,309 ordinary shares to employees at the above price. Nigel Colne, Paul Campbell and John Metcalf are trustees
of the Employee Benefit Trust, and therefore have a non-beneficial interest in these shares.
 
 
Patrick Hartrey
Company Secretary
 
Tel: 01895 618 732
 
10 February 2003