Warner Estate Holdings PLC 19 January 2006 Warner Estate Holdings PLC ("the Company") PDMR's Shareholding Warner Estate Holdings PLC has today made a conditional award under the Company's Performance Share Plan to Mr M D Ovens, a PDMR and Managing Director of Ashtenne Industrial Fund, which is managed by the Company. The award of 9,912 Ordinary Shares of 5p each in the Company at nil consideration is pursuant to a recommendation of the Company's Remuneration Committee on 19 January 2006. The shares conditionally vest on the third anniversary of the award. Date: 19 January 2006 This information is provided by RNS The company news service from the London Stock Exchange