New Collateral Category in the Acceptable Collateral List

With immediate effect, LCH.Clearnet Ltd will accept for the purposes of margin collateral bonds in EUR, GBP or USD issued under the UK Government 2008 Credit Guarantee Scheme (CGS) by UK incorporated banks and building societies.

Details of bonds issued under the CGS and acceptable as collateral can be found at:

http://www.dmo.gov.uk/index.aspx?page=CGS/CGSLiabilities

Bonds issued in EUR, GBP or USD backed under equivalent schemes by other AAA rated governments will also be considered for acceptance.

Acceptance of these instruments will be subject to the following criteria:

- Securities issued under the CGS will be accepted from the date of this notice up to and including 04-Apr-12, (5 business days prior to the termination date of the CGS). A similar limitation will be applied to equivalent schemes

- A minimum nominal size, as determined by the Risk department of LCH.Clearnet Ltd.

- Sufficient market price quotes, as determined by the Risk department of LCH.Clearnet Ltd.

Please contact the following for confirmation of eligibility or any further information: