EquityClear® service extension to include SWX Swiss Block

Dear Member,

LCH.Clearnet Ltd is pleased to announce that it is extending its EquityClear® service to include trades executed on SWX Europe’s Swiss Block trading platform with a target live date of August 2008.

SWX Europe is launching a non-displayed liquidity service for Swiss equities. SWX Swiss Block is powered by NYFIX Euromillennium™ one of Europe’s leading dark pools.

LCH.Clearnet Ltd would like to advise its members that the extended services will have no effect on the current EquityClear service offered to SWX Europe. All clearing members should be aware that trades executed using the new SWX Swiss Block service will be treated in the same way that SWX Europe business is now.

Members will benefit from further netting and margin offsets and collateral efficiencies from centralised clearing also further cost reductions with increased volumes.

Members requiring further information should contact Ian Mackenzie on 020 7426 7265 ian.mackenzie@lchclearnet.com.

Yours sincerely
Wayne Eagle, Director, LCH.Clearnet EquityClear®