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Company Circular No:

LCH.Clearnet Ltd Circular No 3418

Service Circular No:

EquityClear Circular No 5

Date:5 February 2014
To:All EquityClear Clearing Members

EquityClear service to include Oslo Bors

Dear Member

LCH.Clearnet Limited (“LCH.Clearnet”) have worked closely with Oslo Børs ASA to become strategic partners in order to offer interoperable clearing with Oslo Clearing for Oslo Børs and Oslo Axess listed securities. We are delighted to announce that the Norwegian Ministry of Finance and the Norwegian Financial Supervisory Authority have given their approval for LCH.Clearnet Limited to clear Oslo Børs and Oslo Axess listed securities and to interoperate with Oslo Clearing.

We would like to advise you, that subject to UK regulatory approval and the final fulfilments of regulatory requirements, LCH.Clearnet, via the EquityClear service, will offer the extended interoperable clearing service in March 2014. In addition, settlement will occur in the Norwegian CSD, Oslo Børs VPS.

This new service reinforces EquityClear’s leadership in interoperable clearing and extensive European cash equities coverage.

Clearing Members will benefit from margin off-sets, reduced settlement cost through cross exchange netting and reduced clearing fees through our global tariff structure.

Both Oslo Børs ASA and LCH.Clearnet would like to offer Clearing Members the opportunity to test the service via a scheduled testing window between the 17th & 28th February 2014.

If you have any questions or require additional information please contact Ian Mackenzie, ian.mackenzie@lchclearnet.com or Tel: +44 (0) 20 7426 7265

Yours Sincerely
Roland Chai – Director, Head of Equities, Limited