Purchase of Own Securities

London Securities PLC
4 December 2000

                            London Securities PLC                             
                                                                              
                               4 December 2000                                


London Securities PLC announces that on 2 December 2000 it re-purchased, for
cancellation, 5,000 ordinary shares (representing 0.03 per cent. of the issued
share capital) at a price of 600p per share.

Following the cancellation of these shares, the ordinary share capital of
London Securities will be 14,571,619 shares.


Contact for enquiries:

Neil Crawford                       0113 231 3000
KPMG Corporate Finance