Notice N43/99

LONDON STOCK EXCHANGE
21 July 1999


For the attention of the
chairman/senior partner/compliance officer,
all member firms                                             N43/99

STOCK EXCHANGE NOTICE

DOMESTIC EQUITY MARKET
WHEN ISSUED TRADING
FREESERVE PLC

1.     Listing particulars have been filed in relation to the Freeserve plc
global offer of ordinary shares (ISIN GB0007395311).  When issued trading will
be permitted under Rule 2.3(e) in the ordinary shares of Freeserve plc.

2.     The timetable for when issued dealing is as follows:

       When issued dealing commences:

       London             -        2.30pm (London time) Monday 26 July 1999
       Nasdaq             -        9.30am (New York time) Monday 26 July 1999
       
       Expected time for listing and commencement of unconditional dealing:

       London             -        9.00am (London time) Monday 2 August 1999
       Nasdaq             -        9.30am (New York time) Monday 2 August 1999

3.     Settlement of when issued transactions:

       Earliest settlement date              -       Monday 2 August 1999

       Recommended settlement date 
       for certificated sellers              -       Monday 9 August 1999
       
4.     It is expected that, where applicable, the posting of definitive share
certificates will commence on or around Monday 2 August 1999.

5.     The security will be traded via SEAQ and market maker registrations are
required.  

6.     All transaction reports for when issued dealings must be submitted to
CREST.

7.     The offer may be subject to stabilisation.  A stabilisation notice will
be issued in due course. 

A E Scott-Bishop
Head of Regulatory Development

Any comments on this notice should be addressed to the Market Regulation
department, telephone [phone] or STX 31360.