RNS Number:2090X
Warner Estate Holdings PLC
19 January 2006



                   Warner Estate Holdings PLC ("the Company")



                              PDMR's Shareholding



Warner Estate Holdings PLC has today made a conditional award under the
Company's Performance Share Plan to Mr M D Ovens, a PDMR and Managing Director
of Ashtenne Industrial Fund, which is managed by the Company. The award of 9,912
Ordinary Shares of 5p each in the Company at nil consideration is pursuant to a
recommendation of the Company's Remuneration Committee on 19 January 2006. The
shares conditionally vest on the third anniversary of the award.



Date: 19 January 2006






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

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