Planning application

London Stock Exchange Plc
16 October 2002

                                                                 16 October 2002

                                                                           28-02



        EXCHANGE SUBMITS PLANNING APPLICATION FOR OLD BROAD STREET SITE



The London Stock Exchange today published the planning application for its Old
Broad Street site. The Exchange intends to sell the site with an approved
planning consent attached. It will move its existing headquarters to a new
development at Paternoster Square in the City of London in the second quarter of
2004.



The scheme outlined in the planning application will greatly enhance the
existing site and will provide:



  • a pedestrian passageway through the site, providing greater public
    accessibility;
  • an improved streetscape, providing buildings that are more sympathetic to
    the local architecture; and
  • more than 40,000 square feet of new retail space, making the area more
    attractive to visitors and the local working population.



The planning application includes:



•       re-cladding the existing Exchange Tower building;

•       a new 8 storey building on the site of the old market floor; and

•       a new 5 storey building on the corner of Old Broad Street and
        Throgmorton Street.



Nicholas Grimshaw & Partners have designed the scheme which will create around
475,000 square feet of high grade office and retail accommodation.



                                    - ends -



An image of the new scheme is available from the Exchange's press office or
www.londonstockexchange.com/newsroom.



For further information, please contact:


Ian Campbell                  Press Office [phone]

                              [e-mail]



Notes to editors:



The Exchange is relocating from Exchange Tower on the Old Broad Street site
because the building no longer meets the requirements of the business.



The new building at Paternoster Square, where the Exchange will be the 'lead
tenant', will provide additional marketing and brand-building opportunities.



The lease on the new building is for 25 years and is in respect of 220,000
square feet of office space.



The Exchange has occupied a site on or near Old Broad Street since 1801. The
present building - Exchange Tower - used to house the old trading floor and was
opened by the Queen in November 1972.



The planning application was submitted to the City Planning Department at the
Corporation of London.


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