Director Shareholding

Caldwell Investments PLC 18 March 2005 Caldwell Investments PLC Director Shareholding Caldwell Investments PLC (the 'Company') announces that subsequent to the exercise of options over 50,000 ordinary shares of 10p each on 22 February 2005, Graham Haselden, Finance Director of the Company, sold on Wednesday 16 March 2005, 25,000 ordinary shares at 47 pence per share. Accordingly, Graham Haselden is now interested in a total of 25,000 ordinary shares representing 0.14 per cent. of the issued share capital in the Company. This information is provided by RNS The company news service from the London Stock Exchange