Director Shareholding

RNS Number:8338T
Countryside Properties PLC
5 January 2004


COUNTRYSIDE PROPERTIES PLC 
Directors' Shareholdings

Countryside Properties Plc (the "Company") was notified on 5 January 2004 by the
Trustees of the Countryside Properties Employee Trust (the "Trust") that they 
acquired 68,036 Ordinary shares in the Company on 29 December 2003 at a price of
206 pence per share to be held for the purposes of the Countryside Properties 
Partnership Plan (the "Plan"). Under the Plan, the shares will be used to 
provide deferred bonuses to a number of executive directors and senior managers 
of the Company. The deferred bonus plan, which was introduced in 1997, promotes 
superior personal performance by linking the award of shares to specified bonus 
thresholds and also provides a long-term incentive which will depend on the 
growth in the Company's share price over the three to five years after an award 
is made but before shares are distributed to participants.

Following the above transaction, 4,445,273 shares are held by the Trust. 
Mr A H Cherry, Mr G S Cherry, Ms W E Colgrave, Mr R S Cherry and Miss T Gupta 
are each deemed to have acquired an interest in all these shares for the 
purposes of the Companies Act 1985 by virtue of being potential beneficiaries 
of the Trust.


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