Rule 8 - London Stock Exch.

London Stock Exchange Plc
9 November 2001

                                                                  FORM 8.1/8.3

Lodge with Company Announcements Office and the Panel. Use a separate form for
each class of securities in which dealings have been made.

Date of Disclosure 9 November 2001

DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3
OF THE CITY CODE ON TAKEOVERS AND MERGERS

Date of dealing/grant/award 8 November 2001

Award of London Stock Exchange shares and options

1) Class of securities (eg ordinary shares)Ordinary Shares & Options over
Ordinary Shares

2) Amount    Award                                    Price per unit

   31,922    Shares                                   372p

   114,919   Options                                  372p

   85,125    Premium Priced Options                   465p


3) Resultant total of the same class owned or controlled
(and percentage of class) N/A ( %)


4) Party making disclosure London Stock Exchange plc


5) EITHER (a) Name of Grantor: Share Awards - the Employee Trust (Mourrant &
Co Trustees Limited), Options and Premium Priced Options - London Stock
Exchange plc


OR (b) if dealing for discretionary client(s), name of fund
management organisation N/A


6) Reason for disclosure (Note 2)
(a) associate of (i) offeror (Note 3) YES
(ii) offeree company NO

Specify which category or categories of associate (1-8 overleaf)1

If category (8), explain...........................................

(b) Rule 8.3 (ie disclosure because of ownership or control of 1%
or more of the class of relevant securities dealt in) NO

Signed, for and on behalf of the party named in (4) above N/A

(Also print name of signatory) Lisa Condron

Telephone and extension number 020 7797 3517


Note 1. Specify owner, not nominee or vehicle company. If relevant, also
identify controller of owner, eg where an owner normally acts on
instructions of a controller

Note 2. Disclosure might be made for more than one reason; if so, state all
reasons.

Note 3. Specify which offeror if there is more than one.

Note 4. When an arrangement exists with any offeror, with the offeree company
or which an associate of any offeror or of the offeree company
in relation to relevant securities, details of such arrangement must
be disclosed, as required by Note 6 on Rule 8.......................
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Note 5. It may be necessary, particularly when disclosing derivative
transactions, to append a sheet to this disclosure form so that
relevant information can be given.

Note 6. In the case of an average price bargain, each underlying trade
should be disclosed.

For full details of disclosure requirements, see Rule 8 of the Code. If in
doubt, contact the Panel on Takeovers and Mergers, Monitoring Section, Tel No:
020 7638 0129.