LONDON SCOTTISH BANK PUBLIC LIMITED COMPANY                  

DIRECTORS SHARE DEALINGS

The Company announces that Martin Graham West, a non-executive director, has
today disposed of 60,000 shares of 10p each in the Company by gift to his
wife's settlement. The settlement has today also disposed of the 60,000 shares
by transferring them to the beneficiaries of the Trust.

25th July, 2003



END