RNS Number:4232R
Oystertec PLC
29 October 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1)     Name of company
       Oystertec Plc

2)     Name of director
       Mr Colin Cooke

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
       As above

4)     Name of the registered holder(s) and, if more than one holder, the number of shares held by each of
       them (if notified)
       Steels Management Limited (372,000) Colin Cooke (503,333)

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
       Purchase of shares

7)     Number of shares/amount of stock acquired
       3,333 shares

8)     Percentage of issued class
       0.0013

9)     Number of shares/amount of stock disposed
       N/A

10)    Percentage of issued class
       N/A

11)    Class of security
       Ordinary shares

12)    Price per share
       15p

13)    Date of transaction
       27 October 2003

14)    Date company informed
       27 October 2003

15)    Total holding following this notification
       875,333 shares

16)    Total percentage holding of issued class following this notification
       0.35

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
       Mr Adrian Binney 01430 872361
25)    Name and signature of authorised company official responsible for making this notification
       Adrian Binney Finance Director

Date of Notification
       29 October 2003




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