LONDON SCOTTISH BANK PUBLIC LIMITED COMPANY

HOLDING IN COMPANY

On 3rd March 2003 we were notified that following the purchase on 28th February
2003 of 564,989 shares by Standard Life Investment on behalf of Standard Life
Group, Standard Life Group now have a notifiable interest of 5,980,488 Ordinary
Shares of 10p each representing 4.364% of our issued share capital of
137,040,508 Ordinary Shares of 10p each.

4th March 2003



END