Director Shareholding

RNS Number:3717Q
Warner Estate Holdings PLC
30 September 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 397p 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              894            894              0             1,706        3,494
P W Collins               894            894             166            1,706        3,660
R Moore                   894            894             166            1,706        3,660


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


Date: 30 September 2003.



                      This information is provided by RNS
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