RNS Number:2454J
Swan Hill Group PLC
26 March 2003

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

Swan Hill Group PLC

2)  NAME OF DIRECTOR

Mr I D Maclellan

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 an non-beneficial interest

In Respect of Ian Maclellan

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

Mr I D Maclellan

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

It does not relate to a connected person

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

Open Market purchase

7)  Number of shares/amount of
    stock acquired

14,000

8)   (0.02%)
    of issued Class


9)  Number of shares/amount
    of stock disposed

N/A

10)  ( N/A %)
    of issued Class


11) Class of security

Ordinary shares of 25p each


12) Price per share

65.25p


13) Date of transaction

25th March 2003


14) Date company informed

26th March 2003


15) Total holding following this notification

20,000


16) Total percentage holding of issued class following this notification

0.03%


     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant


18) Period during which or date on which exercisable


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


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


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


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


23) Any additional information


24) Name of contact and telephone number for queries


25) Name and signature of authorised company official responsible for
    making this notification

A G CONFAVREUX

    Date of Notification      26th March, 2003






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