Director Shareholding

RNS Number:2664T
Rexam PLC
15 December 2003


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

REXAM PLC

2) Name of director

LARS EMILSON

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or 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 or in respect of a non-
beneficial interest

HOLDING OF DIRECTOR

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

LARS EMILSON

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

DIRECTOR

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

EXERCISE OF OCTOBER 2000 SHARE OPTION UNDER COMPANY'S SAVINGS RELATED SHARE
OPTION SCHEME AND REGISTRATION OF SHARES IN OWN NAME

7) Number of shares/amount of
stock acquired

5,245

8) Percentage of issued class

-

9) Number of shares/amount
of stock disposed

-

10) Percentage of issued class

-

11) Class of security

ORDINARY SHARES OF 64 2/7 PENCE EACH

12) Price per share

PURCHASED AT #1.8467 PER SHARE

13) Date of transaction

12 DECEMBER 2003

14) Date company informed

12 DECEMBER 2003

15) Total holding following this notification

SAYE OPTIONS Nil
ORDINARY SHARES 52,517 SHARES

16) Total percentage holding of issued class following this notification

-

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



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number



21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
following this notification



23) Any additional information



24) Name of contact and telephone number for queries

GRAHAM FENWICK 020 7227 4133

25) Name and signature of authorised company official responsible for
making this notification

GRAHAM FENWICK, COMPANY SECRETARIAL ASSISTANT

Date of Notification 15 DECEMBER 2003



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