New EDX Russion Derivatives

1. LCH.Clearnet Ltd has, after consultation with EDX London Limited (EDX), revised the margin parameters as marked in bold and italic on the attached document. The new rates will be effective as of Friday 1 December 2006, and consequently reflected in the first intra-day margin run on that day.

2. LCH.Clearnet Ltd has set new OMS - II parameters, as highlighted in bold and italic in the attached document due to the introduction of the following new contracts:

   • Evraz Group SA (EVR)
   • Lukoil (LKOD)
   • MMC Norilisk Nickel (MNOD)
   • OJSC Novolipetsk (NLMK)
   • OAO Novatek (NVTK)
   • OAO Gazprom (OGZD)
   • Rosneft OJSC (ROSN)
   • Sugutneftegaz (SGGD)
   • Sistema JSFC (SSAR)
   • Unified Energy Systems of Russia (UESD)
   • FTSE RIOB Index (RIOB)
     
     

3. This circular supersedes LCH.Clearnet Ltd Circular No 2085: EquityClear/EDX 079 dated 30 October 2006.

4. Details of the current OMS - II Parameters, for all EDX contracts, can be found on the LCH.Clearnet Group website (www.lchclearnet.com) under the ‘Risk & Margining’ section. Alternatively details can also be found using the BOPC system.

5. Members seeking further information in relation to this circular should contact the following:

   LCH.Clearnet Ltd

   Risk Operations

   020 7426 7520

   
   

Christopher Jones
Director and Head of Risk Management

EDX Margin Rate Change Spreadsheet