Directorate

LONDON STOCK EXCHANGE LIMITED
30 September 1999

                                                            20/99

                    LONDON STOCK EXCHANGE BOARD CHANGE

Sir John Kemp-Welch today announced his intention to retire in the next year
from the board of the London Stock Exchange.  He became Director in 1991 and
Chairman in 1994.  A committee of the board will be established, to be chaired
by John Kemp-Welch, to recommend the appointment of a successor.



For further information please contact:

Kay Dixon

0171 797 3465

After hours: Duty press officer's number available on 0171 797 1000