RNS No 8057f
GOLDSHIELD GROUP PLC
8 October 1999


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
GOLDSHIELD GROUP PLC

2   Name of director:
AJIT PATEL

3   Please state whether notification indicates that it is in respect of     
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:
AJIT PATEL

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
-

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
AJIT PATEL

6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:
-

7   Number of shares/amount of stock acquired:
-

8   Percentage of issued class:
-

9   Number of shares/amount of stock disposed:
-

10  Percentage of issued class:
-

11  Class of security:
-

12  Price per share:
-

13  Date of transaction:
-

14  Date company informed:
-

15  Total holding following this notification:
-

16  Total percentage holding of issued class following this notification:
-

If a director has been granted options by the company, please complete the
following fields:

17  Date of grant:
27 AUGUST 1999

18  Period during which or date on which exercisable:
1 OCTOBER 2004 - 31 MARCH 2005

19  Total amount paid (if any) for grant of the option:
NIL

20  Description of shares or debentures involved: class, number:
EMPLOYEE SHARESAVE SCHEME - ORDINARY SHARES

21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:
375 PENCE

22  Total number of shares or debentures over which options held following
this notification:
4,500 ORDINARY SHARES

23  Contact name for queries:
RAKESH PATEL

24  Contact telephone number:
0181 649 8500

25  Name of company official responsible for making notification:
PHIL WALKER, WESTLB PANMURE LIMITED:  0171 638 4010

Additional Information:
THIS NOTIFICATION RELATES TO THE GRANT OF OPTIONS TO MR AJIT PATEL UNDER THE
GOLDSHIELD GROUP PLC EMPLOYEE SHARESAVE SCHEME (THE "SCHEME").  UNDER THE
SCHEME MR PATEL MAKES MONTHLY SAVINGS CONTRIBUTIONS OF #250 (THE MAXIMUM
AMOUNT)FOR 5 YEARS, AT WHICH TIME THE OPTIONS BECOME EXERCISABLE.


END

RDSMPBFBLLAMBLL


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