Director Shareholding

London Securities PLC
16 January 2002

                                   Schedule 11

         Notification of Interests of Directors and Connected Persons


1.      Name of company:

London Securities PLC

2.      Name of director:

Jacques Gaston Murray

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:

Beneficial

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

Jacques Gaston Murray - 10,000 shares, EOI Fire Sarl - 11,602,320 shares,
Tribjun Corporation - 1,814,174 shares, Easton Holding SA - 487,000 shares,
Bantel Holdings SA - 300,120 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):

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 by Easton Holding SA, a company of which Jacques Gaston Murray is the
sole beneficial owner.

7.      Number of shares/amount of stock acquired: 2,500

8.      Percentage of issued class: 0.02%

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: 840p

13.  Date of transaction: 15 January 2002

14.  Date company informed: 15 January 2002

15.  Total holding following this notification: 14,213,614

16.  Total percentage holding of issued class following this notification:
98.1%

17.  Date of grant: N/A

18.  Period during which or date on which exercisable: N/A

19.  Total amount paid (if any) for grant of the option: N/A

20.  Description of shares or debentures involved: N/A

21.  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise: N/A

22.  Total number of shares or debentures over which options held following
this notification: N/A

23.  Any additional information: Jacques Gaston Murray is the ultimate
beneficial owner of EOI Fire Sarl, Tribjun Corporation, Easton Holding SA and
Bantel Holdings SA.

24.  Name of contact and telephone number for queries: Richard Pollard 01422
372 852

25.  Name and signature of authorised company official responsible for making
this notification: Richard Pollard     Company Secretary



                    Date of notification:  16 January 2002