Director Shareholding

London Stock Exchange Plc
25 July 2002

SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1)Name of company

London Stock Exchange plc

2)Name of director

Don Cruickshank, Clara Furse, Jonathan Howell, Martin Wheatley (however please
see paragraph 6 below).

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

N/A

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

Mourant & Co. Trustees Limited as trustees of the London Stock Exchange
Employee Benefit Trust of which the said directors are potential
beneficiaries.

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

(1) Release of ordinary shares in London Stock Exchange plc by the Employee
Benefit Trust ("the Trust") to participants in the London Stock Exchange Share
Option Scheme following exercise of their options and (2) Release of ordinary
shares in London Stock Exchange plc by the Trust to participants in the London
Stock Exchange Share Scheme following a vesting of a share award.

The participants to whom shares were released are not directors of London Stock
Exchange plc. The said directors are amongst the potential beneficiaries of the
Trust and are regarded for Companies Act purposes as being interested in all the
London Stock Exchange plc ordinary shares held by the Trust, although the shares
held by the Trust are also held for the benefit of other employees of the
Company. Despite the technical interest in the shares, a director will only be
entitled to receive that number of shares to which he or she would be entitled
on exercise of an award or option which has been granted to him or her.

7) Number of shares/amount of stock acquired

N/A

8) Percentage of issued class

N/A





9) Number of shares/amount of stock disposed

2,745 shares


10) Percentage of issued class

0.0009%

11) Class of security

Ordinary shares of 5p each

12) Price per share

700 @ Nil consideration

2,045 @ £1.90


13) Date of transaction

24 July 2002

14) Date company informed

25 July 2002

15) Total holding following this notification

5,169,857 shares

16) Total percentage holding of issued class following this notification

1.74%

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 25 July 2002






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