Director Shareholding

London Stock Exchange Plc
16 July 2002



                                  SCHEDULE 11



          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1)            Name of company



London Stock Exchange plc



2)            Name of director



Jonathan Howell



3)            Please state whether notification indicates that it is in respect
of holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of  an individual holder if it is a holding of that
person's spouse or children under the age of 18 or in respect  of a
non-beneficial interest



N/A



4)            Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)



Share awards granted to Jonathan Howell.



Conditional allocation of 16,318 shares to be held by Trustee, Mourant and Co
until 1 April 2003

Conditional allocation of 16,317 shares to be held by Trustee, Mourant and Co
until 1 April 2004



5)            Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)



N/A



6)            Please state the nature of the transaction.  For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary



Share awards (see 4.).



7)            Number of shares/amount of stock acquired



32,635



8)            Percentage of issued class



0.01%



9)            Number of shares/amount of stock disposed



N/A



10)          Percentage of issued class



N/A



11)          Class of security



Ordinary shares of 5p each



12)          Price per share



Nil



13)          Date of transaction



15 July 2002



14)          Date company informed



15 July 2002



15)          Total holding following this notification



131,075 (of which 112,395 are held by the Trustee)



16)          Total percentage holding of issued class following this
notification



0.04% (of which 0.038% is held by the Trustee)



If a director has been granted options by the company please complete the
following boxes



17)          Date of grant



15 July 2002



18)          Period during which or date on which exercisable



15 July 2005



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



Nil



20)          Description of shares or debentures involved: class, number



47,436 Ordinary shares of 5p each



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



47,436 at exercise price of £3.90



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



242,600 at exercise price of £2.37

179,700 at exercise price of £2.97

12,350 at exercise price of £3.65

47,436 at exercise price of £3.90



23)          Any additional information



N/A



24)          Name of contact and telephone number for queries



Lisa Condron, Company Secretary  Tel: [phone]



25)             Name and signature of authorised company official responsible
for making this notification



Lisa Condron, Company Secretary





 Date of Notification 16 July 2002



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