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Daniel Gisler joins LCH.Clearnet

London, 12 November 2007

LCH.Clearnet is very pleased to announce the appointment of Daniel Gisler as Managing Director of Risk and Operations. Mr Gisler takes up his appointment today.

Mr Gisler joins LCH.Clearnet having spent some six years at Eurex Group, holding the position of Member of the Executive Board, with specific responsibility for the leadership of Eurex Clearing. His career at Eurex was preceded by seven years at SWX Swiss Exchange Group in Zürich, during which time he was instrumental in setting up virt-x, the pan-European stock exchange established by SWX Group.

Commenting on the appointment, Roger Liddell, Chief Executive at LCH.Clearnet said: “I am delighted to welcome Dani Gisler to LCH.Clearnet. He brings unrivalled experience and expertise to our business, and will be an immensely valuable member of the leadership team, joining as he does at a time of great change in the capital markets trading infrastructure. His skills in the delivery of pan-European clearing services will greatly help us as we seek to attract business from other European financial centres in line with the interoperability provisions of the Code of Conduct.”

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About LCH.Clearnet

LCH.Clearnet is currently owned 67.6% by users, 17.8% by exchanges with the balance of 14.6% being held by Euroclear. Upon completion of the Euronext share buy-back programme by 2009, the Group will be owned 73.3% by users, 10.9% by exchanges and 15.8% by Euroclear.

LCH.Clearnet is committed to operating under strict principles of non-discrimination across its user base. LCH.Clearnet serves major international exchanges and platforms, equity, exchange-traded derivatives, energy, interbank interest rate swaps markets and the majority of the Euro-denominated and sterling bond and repo markets.