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Conclusion Of UK Competition Commission Review - Deutsche Börse Is Looking Forward To Enter Negotiations With Euronext

Date 15/03/2006

The UK Competition Commission has today concluded its merger review process. Deutsche Börse notes that the Commission's concerns were solely related to access to equity clearing services for UK equities, a service Deutsche Börse does not provide for the UK market. Deutsche Börse does not intend to make an offer for the London Stock Exchange, but reserves the right to review its position and make an offer in the event that an offer or possible offer for the London Stock Exchange is announced or in such other circumstances as are permitted by the UK Takeover Code.

In light of the increased consolidation dynamics in the exchange industry, Deutsche Börse reconfirms its priority to actively shape the creation of a truly European exchange organization. Deutsche Börse welcomes Euronext’s statement that it intends to work constructively with Deutsche Börse towards this goal. Deutsche Börse is looking forward to enter into concrete negotiations with Euronext management on realizing a combination of the two groups on the basis of a merger of partners with a view to create a global market leader in the industry.