Director Shareholding

GlaxoSmithKline PLC
21 January 2004



                              Directors' Interests


I give below details of changes in directors' interests in the Ordinary Shares
of GlaxoSmithKline plc.



20 January 2004              Abacus (GSK) Trustees Limited, as trustee of the
                             GlaxoSmithKline Employee Trust, ("GSK Trust"),
                             transferred 15,168 Ordinary shares in the Company
                             to participants in the SmithKline Beecham Employee
                             Share Option Plan 1991.




The Company was advised of this transaction on 21 January 2004.


The GSK Trust is a discretionary trust of which all employees or former
employees of GlaxoSmithKline plc and its subsidiaries are potential
beneficiaries. Three of the Company's directors, Dr J-P Garnier, Dr T Yamada and
Mr J D Coombe are therefore interested in the shares held in the GSK Trust from
time to time in the same way as other employees or former employees of
GlaxoSmithKline plc and its subsidiaries.


S M Bicknell

Company Secretary


21 January 2004


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