BS. Base Grp.

RNS No 7724h
BRITISH STEEL PLC
1 July 1999


BRITISH STEEL plc

Grant of Options on 30 June 1999

Ordinary Shares of 50pence each

The following Directors of the Company have been granted Options over 
British Steel plc shares at an Option price of 165pence per share pursuant 
to the Rules of the Unapproved Overseas Executive Share Option Scheme.

                                No of Shares
J M Bryant                       490,900
J W Edington                     105,570
J B McDowall                     101,090
A P Pedder                       178,680
J L Rennocks                     174,400

The Options are exercisable from 30 June 2002 to 30 June 2009.

Note:
The number of shares over which Options are held by the above Directors followin
g this notification:

J M Bryant                      745,365
J W Edington                    570,265
J B McDowall                    531,455
A P Pedder                      592,145
J L Rennocks                    492,528



END

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