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London Forfaiting Co (WSNF)

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Thursday 03 April, 2003

London Forfaiting Co

Holding(s) in Company

London Forfaiting Company PLC
3 April 2003

Disclosure of Interest in Shares 
Section 198 to 202 of The Companies Act 1985 as amended

In accordance with the provisions of Sections 198 to 202 of the
Companies Act 1985, as amended, we hereby give notice that the Trustees of the
Caledonia No. 1 Settlement Trust have transferred their holding of 3,870,000
ordinary 40p shares in London Forfaiting Company PLC to Caledonia Investments 
plc on 2 April 2003. These shares represent 3.69% of London Forfaiting Company's
total issued ordinary capital.

As a result, Caledonia Investments plc is now the beneficial owner of 3,870,000
ordinary 40p shares in London Forfaiting Company PLC, and the Trustees of the
Caledonia No.1 Settlement Trust no longer have any interest in the ordinary

All of the shares will be registered in the name of Caledonia Investments plc.

By virtue of the provisions of Section 203 of The Companies Act 1985,The Cayzer
Trust Company Limited, a substantial shareholder in Caledonia Investments plc,
is also deemed to be interested in the above mentioned shares.

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