Interserve Plc

Director Shareholding

Interserve Plc (the `Company') announces that Mr A M Ringrose, Director,
notified the Company on the 20th March 2003, that he had purchased 8,850
ordinary shares of 10p each (the `shares') at a price of 184p per share on 18th
March 2003.The shares were purchased pursuant to the Interserve Plc 2002 Share
Matching Plan and are held in the name of Mourant & Co. Capital Trustees Ltd.

As a result of the above transaction Mr Ringrose's beneficial shareholding in
the Company has increased to 33,337.



END