Result of AGM

London Stock Exchange
14 September 2000


London Stock Exchange Annual General Meeting


At today's annual general meeting of the London Stock Exchange all of the
directors standing were re-elected to the Board.   Three directors were elected
on a poll and the results of the ballot are:

                         For                     Against


Gavin Casey           9,462,218 (56.3%)          7,337,778 (43.7%)

Michael Marks        11,445,231 (73.1%)          4,215,420 (26.9%)

Don Cruickshank      10,984,563 (66.5%)          5,525,408 (33.5%)


Following the declaration of the vote, Don Cruickshank, Chairman of the London
Stock Exchange said:  'We have today set out our strategy for the future and
sought to address the inevitable concerns raised as we move from a mutual
organisation to a for-profit company.  At our annual meeting today I undertook
to continue the dialogue we have established between the London Stock Exchange
plc, our customers and our shareholders.

'Meanwhile, we are building on a fine track record.  This is a strong company -
the most international of exchanges.  It does not have to do deals;  it may -
although it doesn't have to.   It will be developed to be stronger and it will
participate in merger and consolidation at the right time.  Above all, the
London Stock Exchange is not up for sale.'


Notes to editors

1. A poll can be demanded by any five shareholders or the Chairman.

2. On a show of hands every shareholder present at the meeting has one vote and
proxies do not vote - i.e. a shareholder with just one share has the same vote
as the largest shareholder.

3. A poll is counted by numbers of shares held.  It is a better reflection of
overall shareholder sentiment and overrides the vote on a show of hands at the
meeting.

4. The poll was conducted independently by the Registrars and
PriceWaterhouseCoopers.

5. The number of votes cast at the poll can be different from those cast on the
proxy cards as shareholders are entitled to withdraw their proxy vote and vote
in person at the meeting.


Press enquiries:
London Stock Exchange
Kay Dixon                              020 7797 1222
Jeremy Hughes               

Schroder Salomon Smith Barney
Philip Robert-Tissot                   020 7986 4000

Merrill Lynch
Kevin Smith                            020 7628 1000

Brunswick
Derek Bainbridge                       020 7404 5959
David Brewerton

Schroder Salomon Smith Barney and Merrill Lynch, which are regulated in the
United Kingdom by The Securities and Futures Authority Limited, are acting for
London Stock Exchange plc and no one else in connection with the offer by OM and
will not be responsible to anyone other than London Stock Exchange plc for
providing the protections afforded to their respective customers or for
providing advice in relation to the offer.