RNS No 7154k
LONDON MERCHANT SECURITIES PLC

                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

LONDON MERCHANT SECURITIES PLC

2)   NAME OF DIRECTOR

LORD RAYNE

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest

NON-BENEFICIAL

4)   Name of the registered holder(s) and, if more than
     one holder, the number of shares held by each of 
     them. (If notified)

MERCHANT NOMINEES LIMITED

5)   Please state whether notification relates to a
     person(s) connected with the Director named in 2
     above and identify the connected person(s)

N/A

6)   Please state the nature of the transaction. For
     PEP transactions please indicate whether
     general/single co PEP and if discretionary/non
     discretionary

PURCHASE BY TRUSTEES OF LONDON MERCHANT SECURITIES EMPLOYEE SHARE SCHEME

7)   Number of shares/amount of
     stock acquired

 41,303 ORDINARY
102,521 DEFERRED

8)  Percentage of issued Class

0.016% (ORDINARY)
 0.13% (DEFERRED)

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

ORDINARY 25P
DEFERRED ORDINARY 25P

12)  Price per share

114P (ORDINARY)
 75P (DEFERRED)

13)  Date of transaction

30-06-97

14)  Date company informed

30-06-97

15)  Total holding following this notification

24,377,888 (ORDINARY)
 2,429,858 (DEFERRED)

16)  Total percentage holding of issued class following 
     this notification      

9.94% (ORDINARY)
3.10% (DEFERRED)

      IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE 
                              THE FOLLOWING BOXES

17)  Date of grant

N/A

18)  Period during which or date on which exercisable

N/A

19)  Total amount paid (if any) for grant of the option

N/A

20)  Description of shares or debentures involved:
     class, number.

N/A

21)  Exercise price (if fixed at time of grant) or indication
     that price is to be fixed at time of exercise

N/A

22)  Total number of shares or debentures over which
     options held following this notification

N/A

23)  Any additional information

N/A

24)  Name of contact and telephone number for queries

S MITCHLEY
0171-935-3555

25)  Name and signature of authorised company official
     responsible for making this notification

     Date of Notification..30TH JUNE 1997................


                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

LONDON MERCHANT SECURITIES PLC

2)   NAME OF DIRECTOR

NGE DRIVER

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest

BENEFICIAL

4)   Name of the registered holder(s) and, if more than
     one holder, the number of shares held by each of 
     them. (If notified)

MERCHANT NOMINEES LIMITED

5)   Please state whether notification relates to a
     person(s) connected with the Director named in 2
     above and identify the connected person(s)

DIRECTOR NAMED IN 2

6)   Please state the nature of the transaction. For
     PEP transactions please indicate whether
     general/single co PEP and if discretionary/non
     discretionary

ALLOCATION BY TRUSTEES OF LONDON MERCHANT SECURITIES EMPLOYEE SHARE SCHEME

7)   Number of shares/amount of
     stock acquired

7,064 

8)  Percentage of issued Class

0.003%

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

ORDINARY 25P SHARES

12)  Price per share

114P

13)  Date of transaction

30-06-97

14)  Date company informed

30-06-97

15)  Total holding following this notification

208,049

16)  Total percentage holding of issued class following 
     this notification      

0.085%

      IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE 
                              THE FOLLOWING BOXES

17)  Date of grant

N/A

18)  Period during which or date on which exercisable

N/A

19)  Total amount paid (if any) for grant of the option

N/A

20)  Description of shares or debentures involved:
     class, number.

N/A

21)  Exercise price (if fixed at time of grant) or indication
     that price is to be fixed at time of exercise

N/A

22)  Total number of shares or debentures over which
     options held following this notification

N/A

23)  Any additional information

N/A

24)  Name of contact and telephone number for queries

S MITCHLEY
0171-935-3555

25)  Name and signature of authorised company official
     responsible for making this notification

     Date of Notification..30TH JUNE 1997................

                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

LONDON MERCHANT SECURITIES PLC

2)   NAME OF DIRECTOR

RA RAYNE  

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest

BENEFICIAL

4)   Name of the registered holder(s) and, if more than
     one holder, the number of shares held by each of 
     them. (If notified)

MERCHANT NOMINEES LIMITED

5)   Please state whether notification relates to a
     person(s) connected with the Director named in 2
     above and identify the connected person(s)

DIRECTOR NAMED IN 2

6)   Please state the nature of the transaction. For
     PEP transactions please indicate whether
     general/single co PEP and if discretionary/non
     discretionary

ALLOCATION BY TRUSTEES OF LONDON MERCHANT SECURITIES EMPLOYEE SHARE SCHEME

7)   Number of shares/amount of
     stock acquired

10,996

8)  Percentage of issued Class

0.014%

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

DEFERRED ORDINARY 25P SHARES

12)  Price per share

75P

13)  Date of transaction

30-06-97

14)  Date company informed

30-06-97

15)  Total holding following this notification

955,355

16)  Total percentage holding of issued class following 
     this notification      

1.21%

      IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE 
                              THE FOLLOWING BOXES

17)  Date of grant

N/A

18)  Period during which or date on which exercisable

N/A

19)  Total amount paid (if any) for grant of the option

N/A

20)  Description of shares or debentures involved:
     class, number.

N/A

21)  Exercise price (if fixed at time of grant) or indication
     that price is to be fixed at time of exercise

N/A

22)  Total number of shares or debentures over which
     options held following this notification

N/A

23)  Any additional information

N/A

24)  Name of contact and telephone number for queries

S MITCHLEY
0171-935-3555

25)  Name and signature of authorised company official
     responsible for making this notification

     Date of Notification..30TH JUNE 1997................


                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

LONDON MERCHANT SECURITIES PLC

2)   NAME OF DIRECTOR

RFJ SPIER 

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest

BENEFICIAL

4)   Name of the registered holder(s) and, if more than
     one holder, the number of shares held by each of 
     them. (If notified)

MERCHANT NOMINEES LIMITED

5)   Please state whether notification relates to a
     person(s) connected with the Director named in 2
     above and identify the connected person(s)

DIRECTOR NAMED IN 2

6)   Please state the nature of the transaction. For
     PEP transactions please indicate whether
     general/single co PEP and if discretionary/non
     discretionary

ALLOCATION BY TRUSTEES OF LONDON MERCHANT SECURITIES EMPLOYEE SHARE SCHEME

7)   Number of shares/amount of
     stock acquired

10,996

8)  Percentage of issued Class

0.014%

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

DEFERRED ORDINARY 25P SHARES

12)  Price per share

75P

13)  Date of transaction

30-06-97

14)  Date company informed

30-06-97

15)  Total holding following this notification

458,907

16)  Total percentage holding of issued class following 
     this notification      

0.58%

      IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE 
                              THE FOLLOWING BOXES

17)  Date of grant

N/A

18)  Period during which or date on which exercisable

N/A

19)  Total amount paid (if any) for grant of the option

N/A

20)  Description of shares or debentures involved:
     class, number.

N/A

21)  Exercise price (if fixed at time of grant) or indication
     that price is to be fixed at time of exercise

N/A

22)  Total number of shares or debentures over which
     options held following this notification

N/A

23)  Any additional information

N/A

24)  Name of contact and telephone number for queries

S MITCHLEY
0171-935-3555

25)  Name and signature of authorised company official
     responsible for making this notification

     Date of Notification..30TH JUNE 1997................

END