Director Shareholding

London Stock Exchange Plc
28 February 2005

                                    SCHEDULE 11
          
          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1)Name of company

London Stock Exchange plc

2)Name of director

Clara Furse and Jonathan Howell (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

Release of ordinary shares in London Stock Exchange plc by the Employee Benefit
Trust ("the Trust") to a participant in the London Stock Exchange Share Scheme
following an exercise of options under the Annual Share Option Scheme.

The participant to whom shares were released is not a director of London Stock
Exchange plc referred to above.  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

420 shares

10) Percentage of issued class

0.0002%

11) Class of security

Ordinary shares of 55/6p each

12) Price per share

420 @ £3.645

13) Date of transaction

25 February 2005

14) Date company informed

28 February 2005

15) Total holding following this notification

894,045 shares

16) Total percentage holding of issued class following this notification

0.35%

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 28 February 2005




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