Director Shareholding

RNS Number:2172O
Warner Estate Holdings PLC
31 July 2003



                   Warner Estate Holdings PLC ("the Company")

                            Directors' Shareholding

Messrs. P C T Warner, P W Collins and R Moore, Directors of the Company, each
purchased 64 Ordinary shares in the Company today at 387p each under the
Company's All Employee Share Ownership Plan ("the AESOP"). Each Director
purchased 32 of their shares as Partnership Shares and 32 shares each were
purchased by the Company as Matching Shares under the rules of the AESOP. All
shares were purchased on their behalf by Capita IRG Trustees Limited, the
Trustee of the AESOP. The Trustee will hold the Shares in Trust for a minimum
period of five years following the date of the purchase. The shares purchased
represent less than 0.001 per cent. of the Company's issued ordinary share
capital.

The Directors' total interests under the AESOP are as follows:-

                        No. of         No. of      No. of Dividend   No. of Free
                      Partnership     Matching          Shares          Shares 
                        Shares         Shares
                                                                                     Total
P C T Warner              830            830              0             1,706        3,366
P W Collins               830            830              95            1,706        3,461
R Moore                   830            830              95            1,706        3,461




The Directors' other interests in the shares of the Company are unchanged.

Date: 31 July 2003.



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