RNS No 7526p
GRAYSTONE PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

GRAYSTONE PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

MR D. R. RIVLIN

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

IN RESPECT OF THE SHAREHOLDER IN 2. ABOVE

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

MR D. R. RIVLIN

5)  Number of shares/amount of stock acquired.

125,000

6)  ( 0.03 %) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

ORDINARY SHARES OF 50P EACH

10) Date of transaction

27/6/97

11) Date company informed

30/6/97

12) Total holding following this notification

1,650,778

13) Total percentage holding of issued class following this notification

4.16%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

MR J.M. YATES
01625 535353

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

    Date of Notification...1 JULY 1997..........


END