Director Shareholding

London Stock Exchange Plc
21 December 2001

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1)     Name of company

LONDON STOCK EXCHANGE PLC

2)     Name of director

IAN SALTER

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18 or in respect of a non-
beneficial interest

HOLDING OF SHAREHOLDER IN 2 ABOVE

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

PERSHING SECURITIES DESIG SG.CLT

5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

N/A

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

PURCHASE

7) Number of shares/amount of stock acquired

4,000

8) Percentage of issued class

0.001%

9) Number of shares/amount of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

ORDINARY SHARES OF 5P EACH

12) Price per share


£4.16

13) Date of transaction

20 December 2001

14) Date company informed

20 December 2001

15) Total holding following this notification

12,000

16) Total percentage holding of issued class following this notification

0.004%

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

N/A

18) Period during which or date on which exercisable

N/A

19) Total amount paid (if any) for grant of the option

N/A

20) Description of shares or debentures involved: class, number

N/A

21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise

N/A

22) Total number of shares or debentures over which options held
following this notification

N/A

23) Any additional information

N/A

24) Name of contact and telephone number for queries

LISA CONDRON, COMPANY SECRETARY TEL [phone]

25) Name and signature of authorised company official responsible for
making this notification LISA CONDRON

Date of Notification...21 DECEMBER 2001...............................