LONDON SCOTTISH BANK PUBLIC LIMITED COMPANY

HOLDING IN COMPANY

On 25th April 2003 we were notified that following the sale on 24th April 2003
of 924,919 shares by Standard Life Investments on behalf of Standard Life
Group, Standard Life Group now have a notifiable interest of 5,188,333 Ordinary
Shares of 10p each representing 3.626% of our issued share capital of
141,145,554 Ordinary Shares of 10p each.

25th April 2003



END