Director Shareholding

London Stock Exchange Plc
17 July 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1)Name of company

London Stock Exchange plc

2)Name of director

Don Cruickshank

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)

Don Cruickshank

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

Release of 50,550 ordinary shares in London Stock Exchange plc by the Employee
Benefit Trust ("the Trust") to Don Cruickshank following the vesting of his
conditional share awards which director has become unconditionally entitled to,
such ordinary shares of London Stock Exchange plc, and is therefore regarded for
Companies Act purposes as becoming interested in such ordinary shares.


7) Number of shares/amount of stock acquired

50,550


8) Percentage of issued class

0.02%

9) Number of shares/amount of stock disposed

63,050

10) Percentage of issued class

0.02%

11) Class of security

Ordinary shares of 5p each

12) Price per share


50,550 @ nil consideration

63,050 @ £3.49


13) Date of transaction

16 July 2003

14) Date company informed

16 July 2003

15) Total holding following this notification

0


16) Total percentage holding of issued class following this notification

0


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 17 July 2003




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