RNS Number:2391Q
Gladstone PLC
26 September 2003


Gladstone plc (the "Company")

Director's Shareholdings

The Company received notification today that following the purchase on 26
September 2003 of 200,000 ordinary shares in the Company at a price of 11 pence
per share, Ben Merrett, Chief Executive of the Company, currently has a
beneficial interest in 729,737 ordinary shares in the Company representing 1.77
per cent of the current issued share capital of that class.

The Company also received notification today that on 26 September 2003 Derick
Martin, a non executive director of the Company, sold 1,000,000 ordinary shares
at a price of 12.7 pence per share.  As a result of this transaction, Mr Martin
currently has a beneficial interest in 1,438,208 ordinary shares in the Company
representing 3.50 per cent of the current issued share capital of that class.


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