Director Shareholding

London Stock Exchange Plc
24 September 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1)Name of company

London Stock Exchange plc

2)Name of directors

Gary Allen, Baroness Janet Cohen, Oscar Fanjul, Nigel Stapleton, Robert Webb and
Christopher Gibson-Smith



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

Holdings of shareholders set out in 2 above.

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

See 7 below.


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


Purchase.



7) Number of shares/amount of stock acquired

Gary Allen                                      -           356
Baroness Janet Cohen                            -           276
Oscar Fanjul                                    -           378
Nigel Stapleton                                 -           314
Robert Webb                                     -           272
Christopher Gibson-Smith                        -           2,067



8) Percentage of issued class

Gary Allen                                      -           0.0001
Baroness Janet Cohen                            -           0.0001
Oscar Fanjul                                    -           0.0001
Nigel Stapleton                                 -           0.0001
Robert Webb                                     -           0.0001
Christopher Gibson-Smith                        -           0.0008



9) Number of shares/amount of stock disposed

N/A


10) Percentage of issued class

N/A

11) Class of security

Ordinary shares of 55/6p each

12) Price per share


£3.468


13) Date of transaction

24 September 2004

14) Date company informed

24 September 2004

15) Total holding following this notification

Gary Allen                                      -           2,117
Baroness Janet Cohen                            -           1,638
Oscar Fanjul                                    -           30,243
Nigel Stapleton                                 -           1,867
Robert Webb                                     -           1,617
Christopher Gibson-Smith                        -           11,572


16) Total percentage holding of issued class following this notification

Gary Allen                                      -           0.0008
Baroness Janet Cohen                            -           0.0006
Oscar Fanjul                                    -           0.01
Nigel Stapleton                                 -           0.0007
Robert Webb                                     -           0.0006
Christopher Gibson-Smith                        -           0.005



17) Date of grant

N/A

18) Period during which or date on which exercisable

N/A

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

N/A

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

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

N/A

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

N/A

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

Date of Notification 24 September 2004






                      This information is provided by RNS
            The company news service from the London Stock Exchange              AFKLEFE