Director Shareholding

London Stock Exchange Plc
16 July 2004

     
                                   SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1)Name of company

London Stock Exchange plc

2)Name of director

Clara Furse

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)

A conditional allocation of 27,687 Share awards granted to Clara Furse under the
London Stock Exchange Long Term Incentive Plan, vesting of which is subject to
performance and service conditions over three years.


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

27,687

8) Percentage of issued class

0.009%

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

15 July 2004

14) Date company informed

15 July 2004

15) Total holding following this notification

394,433 (59,043 unvested)

16) Total percentage holding of issued class following this notification

0.13% (0.02% unvested)

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

Nil

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, Company Secretary

Date of Notification 16 July 2004



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