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Association Of British Insurers Letter To Deutsche Boerse And Euronext

Date 18/02/2005

Please find attached letter to Deutsche Boerse and Euronext from Peter Montagnon, ABI Director of Investment Affairs.

The letter follows consideration by the ABI Investment Committee of the statement by Callum McCarthy, Chairman of the FSA, calling for greater public debate about the potential longer-term implications of any change of London Stock Exchange ownership.

The ABI wishes it to be clear that it is in no way seeking to take sides in any bid. However, members recognise that as large users of the market, they have an important long-term stake in the way it is regulated.

Letter to Deutsche Boerse and Euronext