Nominated Adviser / Broker

London Securities PLC
30 November 2001


                              LONDON SECURITIES PLC
                           Change of Nominated Advisor

         KPMG have resigned as nominated advisor to London Securities Plc
                      (the 'company') with immediate effect.
            Ernst & Young LLP have now been appointed as the Company's 
                     nominated advisor with immediate effect.


For further information, please contact:

Richard Pollard 
Company Secretary 
London Securities Plc
Tel; 01422 372852