STOCK EXCHANGE ANNOUNCEMENT                                              
                                                                                                                       
                                                   PIZZAEXPRESS PLC                                                    
 
 
 
 
DIRECTORS' INTEREST - PURCHASE OF SHARES UNDER EMPLOYEE SHARE INCENTIVE PLAN
 
On 7 March 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             32                   381p                
David Page               32                   381p                
David Sykes              32                   381p                
Nick Taylor              32                   381p                
 
Each director was also allocated 32 ordinary shares under the matching rules of the Plan, at a price of 381 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 7 March 2003, the PizzaExpress PLC UK Employee Benefit Trust purchased a total of 3,936 ordinary shares, and awarded
3,936 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
 
7 March 2003