RNS Number:3769M
London Forfaiting Company PLC
16 June 2003


Letter to RNS

We have received notification yesterday from Schroders Investment Management 
Limited that they are interested in 10,553,447 Ordinary Shares of 40p each in 
London Forfaiting Company PLC, representing 10.072% of the issued ordinary share 
capital. These shares are held in portfolios managed by Schroders Investment
Management Limited on a discretionary basis for clients under investment 
management agreements.

Included in this figure are:
(i)  1,966,250 shares held in (a) unit trust(s) operated and managed by an 
     affiliated company, Schroder Unit Trusts Limited (SUTL), and registered in 
     the name of Chase Nominees Limited, and

(ii) 8,557,197 shares neither registered nor to be registered in the name of 
     Schroder Nominees Limited.

Letter from London Forfaiting Company PLC


Letter to London Forfaiting Company PLC   
Dated 13 June 2003

LONDON FORFAITING COMPANY PLC
40p ORDINARY SHARES ("SHARES")

We write to advise you that we, Schroder Investment Management Limited, have an
interest in 10,553,447 shares which are held in portfolios managed by us on a
discretionary basis for clients under investment management agreements.

We believe that our interest represents some 10.072% of the total number of
shares in issue, namely 104,780,000 shares.

Included in this figure are:-

(i)   1,996,250 shares held in (a) unit trust(s) operated and managed by an 
      affiliated company, Schroder Unit Trusts Limited (SUTL), and registered or 
      to be registered in the name of Chase Nominees Limited, and

(ii)  8,557,197 shares neither registered nor to be registered in the name of 
      Schroder Nominees Limited. The registration details are shown on the 
      schedule below.

This notification is made to you:- 

(a)   in respect of our interest as investment managers,

(b)   on behalf of SIMNA Inc, SUTL in relation to the interests they are treated 
      as having respectively under the Companies Act 1985 (the Act), and

(c)   on behalf of Schroders plc., our holding company, which is treated as 
      having an interest in all of the above shares under the Act by virtue of 
      its ownership of SIMNA Inc, SUTL and ourselves.

     
                              SCHEDULE 
                         40p ORDINARY SHARES
 
REGISTRATION                                     AMOUNT

British Coal Staff Superannuation a/c: P      6,577,673 
Brown Brothers Harriman                          80,000 
Chase Manhattan Bank                            732,697 
Mineworkers' Pension Scheme a/c: R            1,166,827

 
                                              8,557,197

Letter from Schroder Investment Management Limited


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