RNS Number:9320S
Countryside Properties PLC
5 December 2003

COUNTRYSIDE PROPERTIES PLC 
Directors' Shareholdings

Countryside Properties Plc (the "Company") was notified on 3 December 2003 by
the Trustees of the Countryside Properties Employee Trust (the "Trust") that
they acquired 548,228 Ordinary shares in the Company on 2 December 2003 at a
price of 181,0453 pence per share to be held for the purposes of the Countryside
Properties Partnership Plan (the "Plan"), Under the Plan, the shares will be
used to provide deferred bonuses to a number of executive directors and senior
managers of the Company. The deferred bonus plan, which was introduced in 1997,
promotes superior personal performance by linking the award of shares to
specified bonus thresholds and also provides a long-term incentive which will
depend on the growth in the Company's share price over the three to five years
after an award is made but before shares are distributed to participants.

Following the above transaction, 4,377,237 shares are held by the Trust. Mr A H
Cherry, Mr G S Cherry, Ms W E Colgrave, Mr R S Cherry and Miss T Gupta are each
deemed to have acquired an interest in all these shares for the purposes of the
Companies Act 1985 by virtue of being potential beneficiaries of the Trust




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