RNS Number:5066M Shanks Group PLC 1 November 2001

1. Name of company

SHANKS GROUP PLC

2) Name of director

M C E Averill

3) Please state whether notification indicates that it is in respect of

holding of the shareholder named in 2 above or in respect of a

non-beneficial interest or in the case of an individual holder if it is a

holding of that person's spouse or children under the age of 18 or in

respect of a non-beneficial interest

Director

4) Name of the registered holder(s) and, if more than one holder, the

number of shares held by each of them (if notified)

M C E Averill

5) Please state whether notification relates to a person(s) connected

with the Director named in 2 above and identify the connected person(s)

N/A

6) Please state the nature of the transaction. For PEP transactions

please indicate whether general/single co PEP and if discretionary/non

discretionary

Acquisition of shares following exercise of 5 year SAYE options on their

maturity.

7) Number of shares/amount of

stock acquired

4,035

8) Percentage of issued class

0.002%

9) Number of shares/amount

of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

Ordinary 10p Shares

12) Price per share

85.5 pence

13) Date of transaction

1 November 2001

14) Date company informed

1 November 2001

15) Total holding following this notification

54,252

16) Total percentage holding of issued class following this notification

0.02%

If a director has been granted options by the company please complete the

following boxes

17) Date of grant

N/A

18) Period during which or date on which exercisable

N/A

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

N/A

20) Description of shares or debentures involved: class, number

Ordinary 10p Shares

21) Exercise price (if fixed at time of grant) or indication that price

is to be fixed at time of exercise

N/A

22) Total number of shares or debentures over which options held

following this notification

1,045,562

23) Any additional information

24) Name of contact and telephone number for queries

P Kaye 01628 524523

25) Name and signature of authorised company official responsible for

making this notification P KAYE Group Company Secretary

Date of Notification...... 1 November 2001 ............................

END

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