RNS Number:4930N
Rugby Estates PLC
11 July 2003


Repesop Ltd, as trustee of Rugby Estates Plc All Employee Share Ownership Plan,
has today 11 July 2003 awarded to employees 12,437 ordinary shares of 20p each
in Rugby Estates Plc.

Repesop's total holding of Rugby Estates Plc shares amounts to 61,990  (0.54% of
issued share capital) which are now held as follows:


Unconditionally awarded to directors:               7,465
Unconditionally awarded to other employees:         2,680
Conditionally awarded to directors:                28,535
Conditionally awarded to other employees:          17,524
Not yet awarded to employees                        5,786

The shares unconditionally and conditionally awarded to directors are included
within each director's interests which have previously been disclosed.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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