RNS Number:7835K
London Forfaiting Company PLC
7 May 2003


TO:  COMPANY ANNOUNCEMENTS OFFICE

DATED:  6 MAY 2003

We have 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
2,766,827 Ordinary Shares of 40p each in London Forfaiting Company PLC,
representing 2.64% of the issued ordinary share capital.

The shares are registered in the names of HBSC and Chase Nominees Limited


FROM:   LONDON FORFAITING COMPANY PLC


DATED:  1 MAY 2003


Closing Amendment No. 7

NOTIFICATIONS UNDER SECTIONS 198 TO 202 -- UK COMPANIES ACT

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

2. Notifiable Interest:

     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) (e) 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.

7.     Inasmuch as there is no disclosable interest of 3% or greater of the 
       share capital, FMR Corp. and its direct and indirect subsidiaries, and
       Fidelity International Limited and its direct and indirect subsidiaries
       have no further reporting obligation under Section 198 to 202 of the UK
       Companies Act.  This statement speaks as of its date, and no inference
       should be drawn that no change has occurred in the facts set forth
       herein after the date hereof.

SCHEDULE A

SECURITY: LONDON FORFAITING CO PLC                        Closing Amendment No 7


                      SHARES HELD   MANAGEMENT        NOMINEE/REGISTERED
(ORDINARY                              COMPANY        NAME
  SHARES)

                         500,000      FMRCO           HSBC
                       2,266,827       FISL           CHASE NOMINEES LTD

               

TOTAL ORDINARY SHARES: 2,766,827

CURRENT OWNERSHIP PERCENTAGE:  2.64%

SHARES IN ISSUE:       104,780,000

CHANGE IN HOLDINGS SINCE
 LAST FILING:           (3,277,673) ORDINARY SHARES





                      This information is provided by RNS
            The company news service from the London Stock Exchange
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