LFC Lon.Forfaiting

RNS Number:9032N
London Forfaiting Company PLC
29 November 2001

LETTER TO COMPANY ANNOUNCEMENTS OFFICE

We received notification today from Fidelity Investments on behalf of FMR Corp 
and its direct and indirect subsidiaries and Fidelity International Limited and 
its direct and indirect subsidiaries that they are interested in 7,369,500 
ordinary shares of 40p each in London Forfaiting Company PLC, representing 7.03%
of the issued ordinary share capital.

A copy of notification is below.

FROM LONDON FORFAITING COMPANY PLC



LETTER TO LONDON FORFAITING COMPANY PLC - DATED NOVEMBER 28 2001

Below are amended notifications of disclosable interests under the U.K. 
Companies Act 1985. Please note that while this information details the 
disclosable interests of more than one entity, the disclosure below constitutes 
separate notifications of interest which have been combined solely for purposes 
of clarity and efficiency. It is not intended to indicate that any of these 
entities act as a group or in concert with respect to these interests.

These disclosures are made in the interest of conformity with the Companies Act.
The Interest detailed herein was acquired solely for investment purposes. For 
disclosure purposes, holdings should be represented as FMR Corp. and its direct 
and indirect subsidiaries, and Fidelity International Limited (FIL) and its 
direct and indirect subsidiaries, both being non-beneficial holders.

FROM FIDELITY INVESTMENTS


Amendment No.3

NOTIFICATIONS UNDER SECTIONS 198 TO 202 -- UK COMPANIES ACT

1. Company in which shares are held:   LONDON FORFAITING CO PLC

2. Notifiable Interest:                ORDINARY SHARES

     A     FMR Corp
           82 Devonshire Street
           Boston, MA 02109

           Parent holding company of Fidelity Management & Research Company 
           (FMRCO), investment manager for US mutual Funds. (See Schedule A for 
           listing of Registered Shareholders and their holdings.)

     B     Fidelity International Limited (FIL)
           P.O. BOX HM 670
           Hamilton HMCX, Bermuda

           Parent holding company for various direct and indirect subsidiaries,
           including Fidelity Investment Services Ltd (FISL).(See Schedule A for
           listing of Registered Shareholders and their holdings).

3.     The notifiable interests also comprise the notifiable interest of

           Mr Edward C Johnson 3d
           82 Devonshire Street
           Boston, MA 02109

           A principal shareholder of FMR Corp. and Fidelity International      
           Limited.

4.     The notifiable interests include interest held on behalf of authorized
       unit trust schemes in the U.K. notwithstanding the exemption from 
       reporting pursuant to Section 209 (1) (h) of the Companies Act 1985.

5.     These notifications of disclosable interests constitute separate
       notifications of interest in the shares and are combined solely for 
       the purposes of clarity. Nothing herein should be taken to indicate 
       that FMR Corp. and its direct and indirect subsidiaries, 
       Fidelity International Limited and its direct and indirect subsidiaries
       or Mr Edward C Johnson 3d act as a group or in concert in respect of 
       the disclosed interests, or that they are required to submit these 
       notifications on a joint basis.

6.     The disclosable interests arise under section 208(4) (b) of the Act,
       namely where a person, not being the registered holder, is entitled
       to exercise a right conferred by the holding of the shares or to 
       control the exercise of such rights, or under section 203 of the Act
       respectively.

SCHEDULE A

SECURITY: LONDON FORFAITING CO PLC                          Amendment No 3


                      SHARES HELD   MANAGEMENT   NOMINEE/REGISTERED
                                     COMPANY     NAME
(Ordinary Shares)

                          650,000     FMRCO      HSBC
                        5,978,600     FISL       CHASE NOMINEES LTD
                          740,900     FIL        CHASE NOMINEES LTD
                     

TOTAL ORDINARY SHARES:  7,369,500

CURRENT OWNERSHIP PERCENTAGE: 7.03%

SHARES IN ISSUE:      104,780,000

CHANGE IN HOLDINGS SINCE
 LAST FILING:         +500,000 Ordinary Shares

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