Director Shareholding

London Stock Exchange Plc
26 June 2003


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1)Name of company

London Stock Exchange plc

2)Name of director

Don Cruickshank, Clara Furse, Jonathan Howell, Martin Wheatley (however please
see paragraph 6 below).

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

N/A

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

Mourant & Co. Trustees Limited as trustees of the London Stock Exchange
Employee Benefit Trust of which the said directors are potential
beneficiaries.

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

Release of 28,500ordinary shares in London Stock Exchange plc by the Employee
Benefit Trust ("the Trust") to participants in the London Stock Exchange
Deferred Bonus Scheme following vesting of conditional share awards.  The said
directors are amongst the potential beneficiaries of the Trust and are regarded
for Companies Act purposes as ceasing to be interested in the ordinary shares in
London Stock Exchange plc which have been released from the Trust other than as
set out below.  The Trust continues to hold 4,620,467 ordinary shares in London
Stock Exchange plc which are held for the benefit of other employees of London
Stock Exchange plc as well as the said directors, who are regarded for Companies
Act purposes as remaining interested in all the London Stock Exchange plc
ordinary shares held by the Trust.  Despite the technical interest in the
shares, a director will only be entitled to receive that number of shares to
which he or she would be entitled on exercise of an award or option which has
been granted to him or her.

Of the 28,500 ordinary shares released from the Trust, 14,760ordinary shares
were transferred to Clara Furse, Jonathan Howell and Martin Wheatley following
the vesting of their conditional share awards which directors have become
unconditionally entitled to such ordinary shares of London Stock Exchange plc,
and are therefore regarded for Companies Act purposes as becoming interested in
such ordinary shares.

7) Number of shares/amount of stock acquired

Clara Furse 1,720
Jonathan Howell 6,180

Martin Wheatley - 6,860
8) Percentage of issued class

Clara Furse - 0.0006%
Jonathan Howell - 0.002%
Martin Wheatley - 0.002%

9) Number of shares/amount of stock disposed

See paragraph 6

10) Percentage of issued class

0.010%

11) Class of security

Ordinary shares of 5p each

12) Price per share


Nil consideration


13) Date of transaction

25 June 2003

14) Date company informed

25 June 2003

15) Total holding following this notification

Clara Furse - 387,965 shares of which 164,128 are held by the Trust
Martin Wheatley - 173,652 shares of which 130,776 are held by the Trust
Jonathan Howell - 168,363 shares of which 127,185 are held by the Trust


16) Total percentage holding of issued class following this notification

Clara Furse 0.131% of which 0.055% are held by the share trustee
Martin Wheatley 0.058% of which 0.044% are held by the share trustee
Jonathan Howell 0.057% of which 0.043% are held by the share trustee


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

N/A

24) Name of contact and telephone number for queries

Lisa Condron, Company Secretary Tel: [phone]

25) Name and signature of authorised company official responsible for
making this notification

Lisa Condron

Date of Notification 26 June 2003


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