HKEx And London Metal Exchange: Update On Legal Proceedings

As announced on 4 and 7 August 2013, the London Metal Exchange (“LME”), a subsidiary of Hong Kong Exchanges and Clearing Limited (“HKEx” or “Company”), was named as a co-defendant in certain class action lawsuits filed in the United States (“US”). Further, as noted in HKEx’s announcement of the final results for 2013 published on 26 February 2014, a total of 26 class actions have been filed against LME of which 19 also named LME Holdings Limited (“LMEH”), the immediate parent of LME, as a co-defendant. The class actions have been consolidated into three complaints, each composed of a different class of plaintiffs: (1) first level direct purchasers of primary aluminium from a smelter or an affiliate of a smelter (“Direct Purchasers of Primary Aluminium”); (2) commercial end users who purchased semi-fabricated aluminium; and (3) consumers who purchased Aluminium Consumer Products for their own use.

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