Press releases 2000

10 November 2000

LONDON STOCK EXCHANGE PLC

The London Stock Exchange notes OM's announcement that it has failed to receive sufficient acceptances for its hostile offer and that the offer has now lapsed.

Don Cruickshank, Chairman of the London Stock Exchange, said: "I am pleased that the distraction of OM's offer is over. We are getting on with building the business from its strong foundations and implementing our strategy in full consultation with our shareholders and customers. To this end, we expect to announce the formation of the Exchange Markets Group within the next few weeks."

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Note to Editors

The Exchange Markets Group (EMG) will form the core of the London Stock Exchange's new formal consultation process. The membership of the EMG, comprising approximately 30, will be drawn broadly from the market as a whole, including retail brokers, investment banks, corporate advisers, investing institutions and other key groups. The EMG will meet at least six times a year, be chaired by Don Cruickshank and provide advice directly to the Board.