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London Clubs Intnl (LCI)

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Monday 05 March, 2001

London Clubs Intnl

Holding in Company

London Clubs International PLC
5 March 2001

The notification below was received on 5 March 2001.

Letter to London Clubs International PLC dated 1 March 2001

Sections 198-202 Companies Act 1985 amended by Sections 134(1) to (3) of the
Companies Act 1989.

We write to advise that following the sale of certain assets by The Society to
Halifax Group Plc which became effective on 1st March 2001 our obligations to
make declarations under the above legislation regarding The Society's
shareholding in your company has changed.  Accordingly this letter provides
details of the change and the current declarable position.

Declarable Shareholding 28th February 2001     5,937,000  4.02% of issued shares
* Less held by Equitable Smaller Companies Fund
  (registered as HSBC Global Custody Nominee
  (UK) Limited Account 888582                  1,375,000

Declarable Shareholding 1st March 2001         4,562,000  3.09% of issued shares

* Sale of Equitable Investment Fund Managers Limited the OEIC fund manager and
sole director to Halifax Group Plc.

Letter from The Equitable Life Assurance Society