Director Shareholding

RNS Number:3009J
Melrose Resources PLC
27 March 2003

FOR IMMEDIATE RELEASE


                                                                   27 March 2003

                             Melrose Resources plc

                       Changes in Directors Shareholdings


The Company was informed on 25 March 2003 of the following purchases of Ordinary
Shares by, or on behalf, of Directors of the Company pursuant to the Rights
Issue that closed on 24 March 2003:


          Director                 Shareholding on        Purchases (1)        Shareholding on

                                    23 March 2003                               24 March 2003
                                            No.        %              No.                 No.      %
R F M Adair                          10,788,050     65.8       18,691,245          29,479,295   66.9
D W Curry                                50,000      0.3           86,363             136,363    0.3
A E Richmond-Watson                     187,960      1.1          250,000             437,960    1.0
J M M Sutherland                        100,000      0.6          172,727             272,727    0.6
C C A Thomas                             25,000      0.2           43,181              68,181    0.2





Notes



1.                  All purchases were made at 50 pence per share pursuant to
the 19 for 11 Rights Issue of new Ordinary Shares that was approved by
shareholders at an Extraordinary General Meeting of the Company held on 24
February 2003;



2.                  The Company has 44,008,002 Ordinary Shares in issue
following the Rights Issue;




3.                  The interests of R F M Adair comprise:


                                                    Shareholding on             Shareholding on

                                                     23 March 2003               24 March 2003
                                                              No.        %                 No.      %
Non-contingent beneficial interests
Skye Investments Limited                                8,500,000     51.9          27,191,245   61.8
Life interest trusts for the benefit of R F M           1,207,500      7.4           1,207,500    2.7
Adair
Total non-contingent beneficial interest                9,707,500     59.3          28,398,745   64.5
Contingent beneficial interests
Life interest trusts for the benefit of                 1,080,550      6.5           1,080,550    2.4
members of R F M Adair's family
Total contingent beneficial interest                    1,080,550      6.5           1,080,550    2.4
Total beneficial interest                              10,788,050     65.8          29,479,295   66.9



4.         R F M Adair has a controlling interest in Skye Investments Limited.



For further information please contact


Melrose Resources plc
David Curry, Chief Executive                                   0131 225 6678
Chris Thomas, Corporate Development Director                   0207 462 1600

Binns & Co PR Limited
Judith Parry/Sophie Morton                                     0113 242 1171




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

RDSPUUPAWUPWGAM