RNS Number:7499S
Rexam PLC
02 December 2003


Notification of Interests of Directors

 
Rexam PLC (the "Company") announces the following changes to the directors'
interests in the Company's ordinary shares following the closing of the Rights
Issue announced on 31 October 2003.

The subscription price for the New Shares was 255 pence per share.

ORDINARY SHARES OF 64 2/7 PENCE EACH
 
Name of           Registered holder         Connected         New      Holding  
director                                    person         shares     following           
                                                         allotted  notification 
                                                                                  
R L Borjesson     R L Borjesson             No              2,043         13,481  
                  Roy Nominees Limited      No              7,071         45,964  
                                                                                  
M C Buzzacott     Morgan Stanley Quilters   No              1,272          8,272  
                  Nominees Limited                                                
                  Barclayshare Nominees     No                545          3,545  
                  Ltd                                                             
                                                                                  
C R N Clark       Mr C and Mrs C            No                181          1,181  
                  Clark                                                           
                                                                                  
Y E Dominioni     Hoares Bank Nominees      No                390          2,535  
                  Limited U2168 A/c                                               
                  CIC Bank                  No                 94            613  
                                                                                  
L G Emilson       L G Emilson               No              7,272         47,272  
                                                                                  
J Lancaster       R C Greig Nominees Ltd    No             16,163        105,063  
                                                                                  
D L Tucker        D L Tucker                No             18,181        118,181  

 
In each case, the individual directors' resultant shareholdings represent less
than 0.02% of the Company's issued ordinary share capital.


SHARE OPTION SCHEMES
 
Name of director   Scheme      Grant          Adjusted        Adjusted
                               date           exercise       number of           
                                                 price    shares under                       
                                          (p per share)        option*           
                                                                                 
R L Borjesson      LTIS         7.9.2001      0.093739         850,658   (max)   
                               30.4.2002      0.093739         562,091   (max)   
                               22.4.2003      0.093739         442,291   (max)   
                   ESOS 1997   10.4.2000        209.74         217,124           
                                5.9.2001        343.08         216,835           
                               28.5.2002        444.32         122,882           
                               12.3.2003        303.71         197,553           
                   SAYE 1997   6.10.1998        150.92          11,429           
                                                                                 
Y E Dominioni      LTIS         7.9.2001      0.093739         360,041   (max)   
                               30.4.2002      0.093739         230,639   (max)   
                               22.4.2003      0.093739         178,580   (max)   
                   ESOS 1997    5.9.2001        343.08          91,778           
                               28.5.2002        444.32          50,418           
                               12.3.2003        303.71          79,780           
                                                                                 
L G Emilson        LTIS         7.9.2001      0.093739         490,830   (max)   
                                5.6.2002      0.093739         334,545   (max)   
                               22.4.2003      0.093739         249,202   (max)   
                   ESOS 1997    5.9.2001        343.08         125,097           
                               28.5.2002        444.32          73,144           
                               12.3.2003        303.71         111,287           
                   SAYE 1997   4.10.2000        184.67           5,245           
                                                                                 
G A Chipchase      LTIS        22.4.2003      0.093739         184,341   (max)   
                   ESOS 1997   12.3.2003        303.71          82,313           
                                                                                 

* subject to performance conditions. Where (max) is shown, the number of shares
under option is the total number of shares that could vest if maximum
performance vesting is achieved.

LTIS Rexam Long Term Incentive Scheme
ESOS 1997 Rexam Executive Share Option Scheme 1997
SAYE 1997 Rexam Savings Related Share Option Scheme 1997

All other details for the option grants remain unchanged.


Contact for queries Jennifer Smith
Telephone 020 7227 4132

2 December 2003



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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