ASX Disclosure Of Market Activity And Operating Revenue For The Three Months Ended 30 September 1999

The primary driver of ASX's revenues is market activity levels, in particular the levels of equity trading volumes. Market activity levels are inherently unpredictable. These volumes can increase both when the market is rising or falling, as measured by movements in the ASX All Ordinaries Index. Historically, however, it has been shown that when there is a flat market, trading volumes decline. ASX advises that revenues and market activity levels for the three months ended 30 September 1999, compared to the results for the twelve months ended 30 June 1999 are as follows: Actual 12 months to 30 June 1999: Operating revenue excluding interest ($m): 152.1; Operating profit after tax ($m): 37.7; Number of new listings (Includes fixed interest issuers ): 70; Number of listed entities: 1,244; Equities trading, clearing and settlement: - Trades ('000): 8,294, - Fees per equities trade: $6.07; Options trading, clearing and settlement (excludes warrant trades): - Contract trades ('000): 9,043, - Fees per contract traded: $1.82; Warrants: - Number of new warrant series: 391, - Total warrant series: 426; Interest rate per annum: 5.1%. Actual 3 months to 30 September 1999: Operating revenue excluding interest ($m): 42; Operating profit after tax ($m): 10.9; Number of new listings (Includes fixed interest issuers ): 37; Number of listed entities: 1,272; Equities trading, clearing and settlement: - Trades ('000): 2,594, - Fees per equities trade: $5.82; Options trading, clearing and settlement (excludes warrant trades): - Contract trades ('000): 2,705, - Fees per contract traded: $1.80; Warrants: - Number of new warrant series: 146, - Total warrant series: 435; Interest rate per annum: 5.0%. For convenience, daily volumes for equity trades, options contracts and warrant trades are available on the investor relations page of ASX's website www.asx.com.au.