Interserve Plc

Director Shareholding

Interserve Plc (the `Company') announces that Mr J H Vyse, Director, notified
the Company on the 24th March 2003, that he had purchased 10,099 ordinary
shares of 10p each (the `shares') at a price of 176p per share on 20th March
2003. The shares were purchased pursuant to the Interserve Plc 2002 Share
Matching Plan and are held in the name of Mourant & Co. Capital Trustees Ltd.

As a result of the above transaction Mr Vyse's beneficial shareholding in the
Company has increased to 15,099.



END