Director Shareholding

RNS Number:5829R
Warner Estate Holdings PLC
03 November 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 60 Ordinary shares in the Company on 31 October 2003 at 406.5p each
under the Company's All Employee Share Ownership Plan ("the AESOP"). Each
Director purchased 30 of their shares as Partnership Shares and 30 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           924           924            0            1,706     3,554
P W Collins            924           924           167           1,706     3,721
R Moore                924           924           167           1,706     3,721


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

Date: 3 November 2003.


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