Dir Shareholding - Correction

GlaxoSmithKline PLC
06 October 2004


On 6 October 2004, Abacus (GSK) Trustees Limited ("Abacus"), as trustee of the
GlaxoSmithKline Employee Trust, informed the Company that on 20 September 2004
it had incorrectly notified the Company of a transfer of 34,172 shares to
participants in the SmithKline Beecham Employee Share Option Plan 1991, details
of which were subsequently released that day in announcement 1437D.

Following receipt of the notification from Abacus today, the Company advises
that 1437D should not have been issued, as no shares were transferred.



S M Bicknell

Company Secretary



6 October 2004


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