RNS Number:2278Z
Warner Estate Holdings PLC
28 May 2004



                   Warner Estate Holdings PLC ("the Company")



                            Directors' Shareholding



Messrs. P C T Warner, P W Collins and R Moore, Directors of the Company, each
purchased 52 Ordinary shares in the Company today at 477p each under the
Company's All Employee Share Ownership Plan ("the AESOP"). Each Director
purchased 26 of their shares as Partnership Shares and 26 shares each were
purchased by the Company as Matching Shares under the rules of the AESOP. All
shares were purchased on their behalf by Capita IRG Trustees Limited, the
Trustee of the AESOP. The Trustee will hold the Shares in Trust for a minimum
period of five years following the date of the purchase. The shares purchased
represent less than 0.001 per cent. of the Company's issued ordinary share
capital.



The Directors' total interests under the AESOP are as follows:-


                        No. of         No. of      No. of Dividend   No. of Free
                      Partnership     Matching          Shares          Shares
                        Shares         Shares

                                                                                     Total
P C T Warner             1,113          1,113             0             1,706        3,932
P W Collins              1,113          1,113            238            1,706        4,170
R Moore                  1,113          1,113            238            1,706        4,170




The Directors' other interests in the shares of the Company are unchanged.





Date: 28 May 2004.












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

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