LFC Lon.Forfaiting

RNS Number:4977O
London Forfaiting Company PLC
11 December 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 10,069,500  
ordinary shares of 40p each in London Forfaiting Company PLC, representing 9.61%
of the issued ordinary share capital. 

A copy of notification is below.

FROM LONDON FORFAITING COMPANY PLC



LETTER TO LONDON FORFAITING COMPANY PLC - DATED DECEMBER 10, 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.4

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 4


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

                          650,000     FMRCO      HSBC 
                        8,414,100     FISL       CHASE NOMINEES LTD 
                        1,005,400     FIL        CHASE NOMINEES LTD 
                      

TOTAL ORDINARY SHARES: 10,069,500 

CURRENT OWNERSHIP PERCENTAGE: 9.61% 

SHARES IN ISSUE:      104,780,000 

CHANGE IN HOLDINGS SINCE
 LAST FILING:          +2,700,000 Ordinary Shares

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