Warner Estate Holdings PLC 05 October 2005 Warner Estate Holdings PLC ("the Company") Directors' Shareholding Warner Estate Holdings PLC has made the following conditional awards to Executive Directors, of the Company's Ordinary Shares of 5p each under the Company's Performance Share Plan, pursuant to a recommendation of the Company's Remuneration Committee, on 4 October 2005. Director No. of Performance Shares at nil consideration P C T Warner 28,056 P W Collins 22,903 R Moore 24,048 M J Stevens 16,032 The above performance shares conditionally vest on their third anniversary of grant. Date: 5 October 2005 This information is provided by RNS The company news service from the London Stock Exchange