LSB Str Prod Tiers SR 2001-13 7/26

    LONDON SCOTTISH BANK PUBLIC LIMITED COMPANY

DIRECTOR SHAREHOLDING

Mr. D. G. Lee notified the company on 29th April 2003 that on the 28th April
2003 he disposed of 31,746 Ordinary Shares in the company at a price of 122p
per share. Mr. Lee's holding after the above sale is 3,398 Ordinary Shares of
10p each.

29th April 2003




END