LONDON SCOTTISH BANK PUBLIC LIMITED COMPANY

HOLDING IN COMPANY

We have today been informed that Lloyds TSB Group plc, Lloyds TSB Bank plc and
Scottish Widows Group Limited together have a notifiable interest of 4,635,960
ordinary shares of 10p each in London Scottish Bank plc, which represents 3.28%
of our issued share capital of 141,188,257 Ordinary Shares of 10p each.

1st August 2003



END