Director Shareholding

    Christian Salvesen

SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

All relevant boxes should be completed in block capital letters.


1. Name of company                          2. Name of director

   CHRISTIAN SALVESEN PLC                      Edward Joseph Roderick
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3. Please state whether            4. Name of the registered holder(s)
    notification indicates that it     and, if more than one holder,
    is in respect of holding of the    the number of shares held by
    shareholder named in 2 above or    each of them (if notified)
    in respect of a non-beneficial
    interest or in the case of an
    individual holder if it is a
    holding of that person's spouse
    or children under the age of 18   AESOP- CHRISTIAN SALVESEN
    or in respect of an non-
    beneficial interest


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5. Please state whether      6. Please state the nature of the
    notification relates to      transaction. For PEP transactions
    a person(s) connected        please indicate whether
    with the director named      general/single co PEP and if
    in 2 above and identify      discretionary/non discretionary /non
    the connected person(s)      discretionary

   Edward Joseph Roderick       Appropriation of Partnership Shares to
                                 the employee under the Inland Revenue
                                 approved Christian Salvesen Share
                                 Ownership Plan
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7. Number of         8. Percentage    9. Number of               10. Percentage
    shares/amount        of issued        shares/amount of            of issued
    of stock             class            stock disposed              class
    acquired

   200                  NEGLIGIBLE       N/A
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11. Class of security12. Price per share  13. Date of transaction14. Date company informed

    Ordinary  28 1/8p    62pence              26 JANUARY 2003        27 JANUARY 2003
     Shares
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15. Total holding following this   16. Total percentage holding of
     notification                       issued class following this
                                        notification

    553,692                            0.209%


If a director has been granted options by the company please complete the
following boxes.

17. Date of grant               18. Period during which or date on
                                     which exercisable

    N/A                             N/A
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19. Total amount paid (if any) for grant of 20. Description of shares or debentures involved:
     the option                                  class, number

                                                N/A
    N/A
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21. Exercise price (if fixed at time of     22. Total number of shares or debentures over which
     grant) or indication that price is to       options held following this notification
     be fixed at time of exercise

    N/A                                         N/A
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23. Any additional information              24. Name of contact and telephone number for
                                                 queries

    E H D PEPPIATT
                                                [phone]
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25. Name and signature of authorised company official responsible for making this notification

    E H D PEPPIATT
    COMPANY SECRETARY
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Date of notification   27 January 2003
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