ASX to Explore New Strategic Initiatives for Index Business

Australian Stock Exchange Limited ("ASX") ha announced a strategic review of its index business. This follows expressions of interest from a number of reputable international and local parties. The review will assess the potential for the development of ASX's index and related product base, particularly through alliances with international or local participants who can assist in the marketing of ASX indices building on ASX's strong technical capability. Mr Richard Humphry, Managing Director and Chief Executive Officer of ASX said no decision had yet been made on the best structure or partner with whom to develop ASX's index business. "This review is an important initiative which is consistent with our focus on developing new and innovative products for our customers and expanding our business internationally," he said. The changes to the All Ordinaries Index which have been agreed with the Index Advisory Panel and which will take effect from April 2000 will not be affected by this review. "ASX is committed to the ongoing presence of an Index Advisory Panel to ensure the industry's requirements are considered. "Developing our index business is consistent with our strategy to increase domestic participation in Australia's markets, to increase our presence beyond Australia, and to improve the accessibility and attractiveness of our markets to international investors." The review is expected to be completed by the end of the year. ASX is currently the only domestic provider of ASX market indices in Australia. ASX's index business is responsible for the day to day management and production of the ASX suite of indices which includes the All Ordinaries Index and 90 other indices.