LONDON SCOTTISH BANK PUBLIC LIMITED COMPANY

HOLDING IN COMPANY

On 6th May 2003 we were notified that following the purchase of 58,400 ordinary
shares of 10p each on 2nd May 2003, Aviva plc via their subsidiary Morley Fund
Management Limited have a notifiable interest of 4,288,686 ordinary shares of
10p each representing 3.04% of our issued share capital of 141,160,554 ordinary
shares of 10p each.

6th May 2003



END