RNS Number:4687K
London Forfaiting Company PLC
28 April 2003

Letter to:    London Forfaiting Co Plc

Letter dated: April 25, 2003

Letter from:  Fidelity Management & Research Company

Amendment#5

NOTIFICATIONS UNDER SECTIONS 198 TO 202 -- U.K. 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# 5


                      SHARES HELD   MANAGEMENT   NOMINEE/REGISTERED
                                     COMPANY     NAME

(Ordinary Shares)     500,000       FMRCO        HSBC
                     8,294,500       FISL        Chase Nominees Ltd

                     





TOTAL ORDINARY SHARES: .........8,794,500

CURRENT OWNERSHIP PERCENTAGE:  ....8.39%

SHARES IN ISSUE:       ...........104,780,000

CHANGE IN HOLDINGS SINCE
 LAST FILING:           ..........(1,275,000) ordinary shares



                      This information is provided by RNS
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