Warburg Dillon Read to join Consortium investing in Tradepoint

On 6 May 1999 Tradepoint announced details of a long term refinancing package involving a consortium of companies led by Instinet Corporation. The details of the members of this consortium were set out in that announcement. Given the benefits to the business of Tradepoint, the Board of Tradepoint is pleased to announce that Warburg Dillon Read has now also joined the Consortium and will be participating in the refinancing arrangements. The members of the Consortium, including Warburg Dillon Read and their proposed interests are as follows: Instinet 27.30%;American Century 15.95%;Archipelago 15.95%; Morgan Stanley 15.95%; Warburg Dillon Read 15.95%' J P Morgan 8.90%. The details of the refinancing arrangements remain the same as originally announced apart from this change to the participation in the Consortium. The circular to Tradepoint shareholders setting out details of the refinancing arrangements, and seeking shareholder approval for them, will be posted to Tradepoint shareholders shortly. Warburg Dillon Read is one of the major players in the global equity markets and the leading player in the European markets. The global equities team has over 2,700 client-facing staff world-wide, with stock exchange membership in 26 countries. Warburg Dillon Read maintains a 15% market share in pan-European equities, is the leading distributor of into-US equities, and the number one book-runner of international equity-linked issues.