Director Shareholding

London Stock Exchange Plc
19 May 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1)    Name of company

      London Stock Exchange plc

2)    Name of director

      Jonathan Howell

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)

      Share awards granted to Jonathan Howell.

Conditional allocation of 18,644 shares to be held by Trustee, Mourant and Co
until 1 April 2004

Conditional allocation of 18,644 shares to be held by Trustee, Mourant and Co
until 1 April 2005

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

     Share awards (see 4.).

7)   Number of shares/amount of stock acquired

     37,288

8)   Percentage of issued class

     0.01%

9)   Number of shares/amount of stock disposed

     N/A

10)  Percentage of issued class

     N/A

11)  Class of security

     Ordinary shares of 5p each

12)  Price per share

     Nil

13)  Date of transaction

     16 May 2003

14)  Date company informed

     16 May 2003

15)  Total holding following this notification

     168,363 (133,365 unvested and held by the Trustee)

16)  Total percentage holding of issued class following this notification

     0.06% (0.04% unvested and held by the Trustee)


If a director has been granted options by the company please complete the
following boxes

17)     Date of grant



16 May 2003


18)     Period during which or date on which exercisable



16 May 2006

19)     Total amount paid (if any) for grant of the option



Nil

20)      Description of shares or debentures involved: class, number



61,920 Ordinary shares of 5p each

21)     Exercise price (if fixed at time of grant) or indication that price  is
to be fixed at time of exercise

61,920 at exercise price of £3.23

22)     Total number of shares or debentures over which options held
          following this notification


242,600 at exercise price of £2.37
179,700 at exercise price of £2.97
 12,350 at exercise price of £3.65
 47,436 at exercise price of £3.90
 61,920 at exercise price of £3.23

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, Company Secretary



 Date of Notification 19 May 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange