London Forfaiting Co - Holding in Company

RNS No 8188j
LONDON FORFAITING COMPANY PLC
18th November 1998


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

LONDON FORFAITING

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

PERPETUAL UNIT TRUST MANAGEMENT 
PERPETUAL INV. MAN. SERVICES

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

(II)

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

VIDACOS  11,533,775

5)  Number of shares/amount of stock acquired.

100,000

6)  (0.095%) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

ORD 40P

10) Date of transaction

16/11/98

11) Date company informed

N/A

12) Total holding following this notification

11,533,775

13) Total percentage holding of issued class following this notification

11.007

14) Any additional information

N/A

15) Name of contact and telephone number for queries

KATE ENGLAND
(01491) 417114

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

    Date of Notification...15/11/98.............


END

HOLGBGGUGBGRGAR

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