Director Shareholding

London Securities PLC
8 May 2002


                       DEALINGS BY DIRECTORS


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 an 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 - 493,000 
      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 WHICH JACQUES GASTON MURRAY IS THE
    SOLE BENEFICIAL OWNER. 

7)  Number of shares/amount of
    stock acquired

     1,000

8)   (0.01%)
    of issued Class



9)  Number of shares/amount
    of stock disposed

      N/A

10)  ( N/A %)
    of issued Class



11) Class of security

     ORDINARY SHARES

12) Price per share

     950P

13) Date of transaction

     3 MAY 2002

14) Date company informed

     3 MAY 2002

15) Total holding following this notification

     14,219,614

16) Total percentage holding of issued class following this notification

     98.2%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

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: class, number.

     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    8 MAY 2002                             






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