Director Shareholding

GlaxoSmithKline PLC
03 February 2003

                              Directors' Interests

I give below details of changes in directors' interests in the Ordinary Shares
of GlaxoSmithKline plc.



31 January 2003            The Administrators of the SmithKline Beecham Employee
                           Benefit Trust ("the Trust") notified the Company on 3
                           February 2003 that 20,106 Ordinary shares had been
                           transferred from the Trust to participants of the
                           SmithKline Beecham 1991 Share Option Plan.



The Trust is a discretionary fund of which all employees or former employees of
GlaxoSmithKline plc and its subsidiaries are potential beneficiaries. Two of the
Company's directors, Dr J P Garnier and John Coombe are therefore interested in
the shares held in the fund from time to time in the same way as other employees
or former employees of GlaxoSmithKline plc and its subsidiaries.


S M Bicknell
Company Secretary

3 February 2003


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