London Forfaiting Co - Holding by Schroders PLC

RNS No 3093j
LONDON FORFAITING COMPANY PLC
29 July 1999


LETTER TO: LONDON FORFAITING COMPANY PLC

                    40P ORDINARY SHARES ("SHARES")


We write to advise you that while we, Schroder Investment Management Limited,
continue to have an interest in the above-mentioned shares, it has ceased to be
a notifiable interest for the purposes of Part VI of the Companies Act 1985 (the
Act) since it represents less than 10% of the nominal value of that relevant
share capital, which we understand to be 104,780,000 shares.

This notification is made to you in respect of our own interest as investment
managers and also on behalf of: - 

(a)  Schroder Unit Trusts Limited, our wholly-owned subsidiary,

(b)  Schroder Capital Management International Limited, another wholly-owned    
     subsidiary,

(c)  Schroder Capital Management International Inc, an affiliated company and

(d)  Schroders plc., our holding company,

in relation to any interests they may have or be treated as having respectively
under the Act.


FROM:  PAUL MARTIN 
       (COMPLIANCE MANAGER)
       SCHRODERS INVESTMENT MANAGEMENT LIMITED

END


HOLALLSRDEIIVAA

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