RNS Number:0918Z
Rugby Estates PLC
24 July 2002

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


        Name of company

        Rugby Estates Plc

        2) Name of director
        Stephen Jones

        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


        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)



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



        6) Please state the nature of the transaction. For PEP transactions
        please indicate whether general/single co PEP and if discretionary/non
        discretionary
        Acquisition by All Employee Share Plan

        7) Number of shares/amount of
        stock acquired
        30
        8) Percentage of issued class
        0.0002%

        9) Number of shares/amount
        of stock disposed


        10) Percentage of issued class



        11) Class of security

        Ord 20p

        12) Price per share

        235.7p

        13) Date of transaction
        24 July 2002

        14) Date company informed
        24 July 2002


        15) Total holding following this notification

        180,234
        16) Total percentage holding of issued class following this notification

        1.35%

        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

        342 shares acquired for the Director as Dividend Shares by the company's
        All Employee Share Plan


        24) Name of contact and telephone number for queries

        Stephen Jones 020 7632 2200 steve@rugbyestates.plc.uk

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

        Date of Notification......24/07/2002............................





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