Rule 8 - London Stock Exch.

London Stock Exchange Plc
21 November 2001

                                                                  FORM 8.1/8.3

Lodge with Company Announcements Office and the Panel. Use a separate form for
each class of securities in which dealings have been made.

Date of Disclosure 21 November 2001

DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3
OF THE CITY CODE ON TAKEOVERS AND MERGERS

Date of dealing 20 November 2001

Dealing in London Stock Exchange plc (name of company)

1) Class of securities (eg ordinary shares) Ord 0.05p

2) Amount bought           Amount sold            Price per unit

                           33,290                 £2.374
                           25,930                 £2.968
                           2,000                  Nil

3) Resultant total of the same class owned or controlled
(and percentage of class) 5,520,084 (1.86%)


4) Party making disclosure London Stock Exchange plc


5) EITHER (a) Name of vendor (Note 1) Mourant & Co Trustees Limited

       OR (b) if dealing for discretionary client(s), name of fund
              management organisation


6) Reason for disclosure (Note 2)

(a) associate of (i) offeror (Note 3) YES

                (ii) offeree company NO

Specify which category or categories of associate (1-8 overleaf)8

If category (8), explain Mourant & Co. Trustees Limited is the company which
currently acts as the London Stock Exchange's Employee Benefit Trust

(b) Rule 8.3 (ie disclosure because of ownership or control of 1%
or more of the class of relevant securities dealt in) YES

Signed, for and on behalf of the party named in (4) above N/A

(Also print name of signatory) Lisa Condron

Telephone and extension number 020 7797 3517


Note 1. Specify owner, not nominee or vehicle company. If relevant, also
identify controller of owner, eg where an owner normally acts on
instructions of a controller

Note 2. Disclosure might be made for more than one reason; if so, state all
reasons.

Note 3. Specify which offeror if there is more than one.

Note 4. When an arrangement exists with any offeror, with the offeree company
or which an associate of any offeror or of the offeree company
in relation to relevant securities, details of such arrangement must
be disclosed, as required by Note 6 on Rule 8.......................
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Note 5. It may be necessary, particularly when disclosing derivative
transactions, to append a sheet to this disclosure form so that
relevant information can be given.

Note 6. In the case of an average price bargain, each underlying trade
should be disclosed.

For full details of disclosure requirements, see Rule 8 of the Code. If in
doubt, contact the Panel on Takeovers and Mergers, Monitoring Section, Tel No:
020 7638 0129.