IEX Market Has Successful First Year Of Operation - 78% Of Trading Taking Place In Dublin For New Companies With IEX/AIM Dual Listings - 118% Increase In Market Capitalisation Of IEX Since Launch One Year Ago - Six New Companies Join IEX In First Year Of

On average, 78% of trading in the shares of new companies that joined both IEX and AIM in the past 12 months takes place in Dublin. The capitalisation of the IEX market has more than doubled to €1.17 billion since the market was launched one year ago.

Speaking on the anniversary of the launch of IEX, the Irish Stock Exchange’s Director of Listing, Deirdre Somers said: “The Exchange is delighted with the progress of IEX since its launch. In attracting Irish companies to the Irish market, the Exchange has emphasised that a company’s home market is particularly important both at the time of IPO and for further fundraisings.”

“The home market is also more likely to provide broker and analyst support necessary to support trading. This is evidenced by new IEX/AIM dual listings where, on average, 78% of trading volume has taken place in Dublin. We look forward to the continued growth of IEX in the months and years ahead,” Ms Somers said.

Niall McFadden, the Chairman of Irish Estates plc, which listed on IEX in September 2005 said: “IEX provided Irish Estates with the opportunity to attract European investors through its euro-denominated quote and trading facility on ISE Xetra. This complements our sterling quote on AIM and offers shareholders the choice of trading in euros or sterling”.

Six new companies have joined IEX since its launch in April 2005: Lapp Plats plc; getmobile europe plc; Irish Estates plc; Donegal Creameries plc; Newcourt Group plc; AGI Therapeutics plc, bringing the total number of companies listed on IEX to 14.