Director/PDMR Shareholding

London Stock Exchange Plc
19 August 2005

                                  SCHEDULE 11

   NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
                      RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).

(1)      An issuer making a notification in respect of a transaction relating to 
         the shares or debentures of the issuer should complete boxes 1 to 16, 
         23 and 24.
(2)      An issuer making a notification in respect of a derivative relating to 
         the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 
         16, 23 and 24.
(3)      An issuer making a notification in respect of options granted to a 
         director/person discharging managerial responsibilities should complete 
         boxes 1 to 3 and 17 to 24.
(4)      An issuer making a notification in respect of a financial instrument 
         relating to the shares of the issuer (other than a debenture) should 
         complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes in block capital letters.

1.             Name of the issuer

               London Stock Exchange plc

2.             State whether the notification relates to

                (i)   a transaction notified in accordance with DR3.1.4.R(1)(a); 
                      or

               (ii)   DR 3.1.4(R)(1)(b) a disclosure made in accordance with 
                      section 324 (as extended by section 328) of the Companies 
                      Act 1985; or

              (iii)   both (i) and (ii)

               (ii)   DR 3.1.4(R)(1)(b) a disclosure made in accordance with 
                      section 324 (as extended by section 328) of the Companies 
                      Act 1985

3.             Name of director

Clara Furse and Jonathan Howell

4.             State whether notification relates to a person connected with a
person discharging managerial responsibilities/director named in 3 and identify
the connected person

N/A

5.             Indicate whether the notification is in respect of a holding of
the person referred to in 3 or 4 above or in respect of a non-beneficial
interest

N/A

6.             Description of shares (including class), debentures or
derivatives or financial instruments relating to shares

Ordinary shares of 55/6p each

7.             Name of registered shareholders(s) and, if more than one, the
number of shares held by each of them

Mourant & Co. Trustees Limited as trustees of the London Stock Exchange Employee
Benefit Trust of which the said directors are potential beneficiaries (the "
Trust").

8.             State the nature of the transaction

Release of ordinary shares in London Stock Exchange plc by the Trust to a
participant in the London Stock Exchange Share Scheme following a vesting under
the London Stock Exchange Long Term Incentive Plan.

The participant to whom shares were released is not a director of the 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.

9.             Number of shares, debentures or financial instruments relating to
shares acquired

N/A

10.           Percentage of issued class acquired (treasury shares of that class
should not be taken into account when calculating percentage)

N/A

11.           Number of shares, debentures or financial instruments relating to
shares disposed

3,626

12.           Percentage of issued class disposed (treasury shares of that class
should not be taken into account when calculating percentage)

0.001%

13.           Price per share or value of transaction

              3,626 @ 0


14.           Date and place of transaction

              18 August 2005

15.           Total holding following notification and total percentage holding
following notification (any treasury shares should not be taken into account
when calculating percentage)

Number of shares:      499,045
Percentage:               0.20%

16.           Date issuer informed of transaction

18 August 2005

If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes

17.           Date of grant

N/A

18.           Period during which or date on which it can be exercised

N/A

19.           Total amount paid (if any) for grant of the option

N/A

20.           Description of shares or debentures involved (class and number)

N/A

21.           Exercise price (if fixed at time of grant) or indication that
price is to be fixed at the time of exercise

N/A

22.           Total number of shares or debentures over which options held
following notification

N/A

23.           Any additional information

N/A

24.           Name of contact and telephone number for queries

Lisa Condron, Company Secretary Tel: [phone]

Name and signature of duly authorised officer of issuer responsible for making
notification

Lisa Condron

Date of Notification

19 August 2005


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