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Company Circular No:

LCH.Clearnet LTD Circular No 3357

Date:15 October 2013
To:All EnClear and Exchange Clearing Members

General Default Fund Restrike: Ballot Result Announcement

LCH.Clearnet Ltd is pleased to announce the results of the ballot to gain member approval to divide the general default fund into three product specific default funds: a commodities fund, a listed interest rate derivatives fund and an equities and equity derivatives fund.

The criteria for a successful vote, as referenced in the ballot paper, was fully satisfied. We will implement the re-strike for effective date 6th November subject to receipt of all outstanding accession forms.

Please accept our thanks for your support.

Further communications will follow confirming the member contributions.

Should you have any questions please e-mail [email protected] or call +44 (0) 20 7392 8429