LSE/JSE Business Deal

London Stock Exchange Plc
30 July 2001


LONDON STOCK EXCHANGE PLC AND JSE SECURITIES EXCHANGE SOUTH AFRICA SIGN
AGREEMENTS

On 2 April 2001, London Stock Exchange plc ('the Exchange') announced its
intention to enter into a commercial arrangement with the JSE Securities
Exchange South Africa ('the JSE'). The Exchange is pleased to announce that it
has signed two agreements, a Business Agreement and a Technology Agreement.

Business Agreement
This agreement provides for each exchange to assist in the marketing of the
other exchange's data, together with arrangements to facilitate
cross-membership and the dual trading of securities on both exchanges.

Implementation of cross-membership and the dual trading of securities on both
exchanges is dependant upon consultation with market participants and
obtaining the necessary regulatory consents in both markets.

Technology Agreement
This agreement is for the provision by the Exchange to the JSE, of technology
services. These services are provided through the trading system (Sequence,
including SETS) and the information dissemination system (LMIL). The planned
date for implementation of the technology services is May 2002. The financial
terms of the Technology Agreement remain as disclosed in the RNS announcement
made by the Exchange on 2 April 2001


Further information is available from:

London Stock Exchange - press enquiries          John Wallace   020 7797 1222

London Stock Exchange - stockholder enquiries    Tony Veitch    020 7797 1360