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London Stock Exchange Market Announcement

Date 05/04/2000

Following the technical problem that prevented the London stock market from opening this morning, Gavin Casey, Chief Executive of the London Stock Exchange, said: "The market opened at 3.45 p.m. this afternoon after a thorough investigation into the fault in the network that takes real-time price and other information from the central trading systems to our market users. "In order to enable investors to undertake their business, trading hours this evening have been extended to 6.30 p.m.

Following the meeting Sir John Kemp-Welch, Chairman of the London Stock Exchange, said, "We are delighted that the proposals have received such strong support. Today's vote moves the Exchange into a new era, providing a structure that will allow it to compete more effectively in the rapidly developing environment in which stock exchanges now operate."