RNS Number:3293T
Rexam PLC
16 December 2003


                                  SCHEDULE 11                                   
                                                                                
          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS          
                                                                                

1) Name of company

REXAM PLC

2) Name of director

ROLF LIBERT BORJESSON

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

HOLDING OF DIRECTOR

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

R L BORJESSON 24,910 SHARES

ROY NOMINEES LIMITED 45,964 SHARES

TOTAL 70,874 SHARES


5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

DIRECTOR

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

EXERCISE OF OPTION UNDER COMPANY'S EXECUTIVE SHARE OPTION SCHEME 1997 AND SALE
OF RESULTING SHARES

7) Number of shares/amount of
stock acquired

217,124

8) Percentage of issued class

-

9) Number of shares/amount
of stock disposed

217,124

10) Percentage of issued class

-

11) Class of security

ORDINARY SHARES OF 64 2/7 PENCE EACH

12) Price per share

PURCHASED AT #2.0974 PER SHARE

SOLD AT #4.275 PER SHARE


13) Date of transaction

15 DECEMBER 2003

14) Date company informed

15 DECEMBER 2003

15) Total holding following this notification

OPTIONS - EXECUTIVE SHARE OPTION SCHEME 1997*

GRANT 5 SEPTEMBER 2001 216,835 SHARES

GRANT 28 MAY 2002 122,882 SHARES

GRANT 12 MARCH 2003 197,553 SHARES

* all grants subject to performance conditions
 

SHARES

R L BORJESSON 24,910 SHARES

ROY NOMINEES LIMITED 45,964 SHARES

TOTAL 70,874 SHARES


16) Total percentage holding of issued class following this notification

-

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

JENNIFER SMITH 020 7227 4132

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


JENNIFER SMITH, ASSISTANT COMPANY SECRETARY


Date of Notification 16 DECEMBER 2003




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