RNS Number:3108U
National Express Group PLC
16 January 2004



The Company has been informed that on 15 January, the Trustee of the National
Express Group Qualifying Employee Share Trust transferred 3,603 ordinary shares
at #4.17 to satisfy the exercise of options under the National Express Group
2002 Savings Related Share Scheme.  Following this transfer, the National
Express Group Qualifying Employee Share Trust holds a total interest in the
Company of 87,057 shares.  As all employees of the Company and its subsidiaries
are potential beneficiaries under the Trust on an equal basis, the executive
directors of the Company, Messrs P M White, R O'Toole and A C Walker, in their
capacity as members of the class of potential beneficiaries under the Trust, are
deemed to have an interest in these shares pursuant to the Companies Act 1985.






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