Holding(s) in Company

London Stock Exchange Plc
14 January 2004

London Stock Exchange plc

14 January 2004

London Stock Exchange plc received the following letter from Threadneedle
Investments on 13 January 2004.

SECTION 198 COMPANIES ACT 1985

We refer to the letter dated 12 November 2002, disclosing a Notifiable Interest
of Zurich Financial Services and its Group in the shares of your Company.

In accordance with the provisions of the above Section, we would inform you of a
change to the notifiable interest over shares in your Company, which are held as
detailed on the attached Schedule.


Registered Owner                                                                       Ordinary 5p Shares
BNY (OCS) Nominees Ltd                                A/c 219064                                  658,644
BNY (OCS) Nominees Ltd                                A/c 219059                                  313,125
Littledown Nominees Limited                           A/c 02642                                   365,749
Littledown Nominees Limited                           A/c 21688                                   640,618
Littledown Nominees Limited                           A/c 07205                                   566,937
Littledown Nominees Limited                           A/c 11121                                    30,000
Littledown Nominees Limited                           A/c 02891                                12,311,918
Littledown Nominees Limited                           A/c 03449                                   300,000
Littledown Nominees Limited                           A/c 07207                                 1,160,614
Littledown Nominees Limited                           A/c 07199                                    80,145
Littledown Nominees Limited                           A/c 09890                                   220,844
Williams & Glyns Nominees Limited                     A/c 0700096001                              135,000
TOTAL                                                                                          16,783,594


Notes

Littledown Nominees Ltd is a nominee for the ZFS Group subsidiaries: Allied
Dunbar Assurance plc, Eagle Star Insurance Company Ltd; Eagle Star Life
Assurance Company Ltd; Zurich Financial Services UK Pension Trustee Ltd; Eagle
Star Executives Pension Trustee Ltd; Eagle Star Securities Ltd; Sceptre Trust
Ltd; Home & Overseas Insurance Company Ltd.  It is also a nominee for various
companies not within the ZFS Group.

BNY (OCS) Nominees Ltd is a nominee for the ZFS Group subsidiaries: Zurich
Insurance Company (UK) Ltd and Zurich International (UK) Ltd.  It is also a
nominee for various companies not within the ZFS Group.

Williams & Glyns (Isle of Man) Nominee Ltd is a nominee for ZFS Group
subsidiary, Allied Dunbar International Assurance Ltd, and for the Royal Bank of
Scotland (Isle of Man) Limited, the Trustee for Allied Dunbar International
Funds Ltd.

ZFS is Zurich Financial Services, a company incorporated in Switzerland.

This notification is made on behalf of:

Allied Dunbar International Assurance Ltd;  Allied Dunbar International Fund
Managers Ltd and Allied Dunbar Assurance plc;

Eagle Star Group Services Ltd, Eagle Star Life Assurance Company Ltd, Zurich
Financial Services UK Pension Trustee Ltd, Eagle Star Executives Pension Trustee
Ltd and Eagle Star Holdings Limited;

Allied Zurich Holdings Ltd, Zurich Financial Services (UKISA) Ltd, Zurich Group
Holding, Zurich Insurance Company and Allied Zurich plc, the intermediate
holding companies of the aforementioned companies, and Zurich Financial
Services, their ultimate holding company.

The shares could be available for lending and this could lead to a short term
re-registration.


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