Director Shareholding

London Stock Exchange Plc
28 June 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1)Name of company

London Stock Exchange plc


2)Name of directors

Gary Allen, Baroness Janet Cohen, Oscar Fanjul, Nigel Stapleton, Robert Webb,
Christopher Gibson-Smith and Ian Salter


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

Holdings of shareholders set out in 2 above.


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

See 7 below.


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

Purchase.


7) Number of shares/amount of stock acquired

Gary Allen                                      -           338
Baroness Janet Cohen                            -           260
Oscar Fanjul                                    -           356
Nigel Stapleton                                 -           298
Robert Webb                                     -           259
Christopher Gibson-Smith                        -           1,948
Ian Salter                                      -           356


8) Percentage of issued class

Gary Allen                                      -           0.0001
Baroness Janet Cohen                            -           0.00009
Oscar Fanjul                                    -           0.0001
Nigel Stapleton                                 -           0.0001
Robert Webb                                     -           0.00009
Christopher Gibson-Smith                        -           0.0007
Ian Salter                                      -           0.0001


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

£3.68


13) Date of transaction

25 June 2004


14) Date company informed

25 June 2004


15) Total holding following this notification

Gary Allen                                      -           1,761
Baroness Janet Cohen                            -           1,362
Oscar Fanjul                                    -           29,865
Nigel Stapleton                                 -           1,553
Robert Webb                                     -           1,345
Christopher Gibson-Smith                        -           9,505
Ian Salter                                      -           17,281


16) Total percentage holding of issued class following this notification

Gary Allen                                      -           0.0006
Baroness Janet Cohen                            -           0.0005
Oscar Fanjul                                    -           0.01
Nigel Stapleton                                 -           0.0006
Robert Webb                                     -           0.0005
Christopher Gibson-Smith                        -           0.003
Ian Salter                                      -           0.006


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 28 June 2004


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