London Stock Exchange plc Response To Posting Of OM Gruppen's Offer Document

The Board of the London Stock Exchange plc ("LSE") notes today's (September 11) announcement by OM Gruppen regarding the posting of its offer document to LSE shareholders.

The Board, which is being advised by Schroder Salomon Smith Barney and Merrill Lynch, will write to shareholders setting out detailed reasons for rejecting OM's offer in due course.

The strategic rationale for the creation of iX-international exchanges is to create a growth-oriented, cost-efficient market leader in European capital markets. A combination with OM achieves far less for LSE's customers and shareholders.

Don Cruickshank, Chairman of LSE, said today (September 11): "The terms of OM's offer are derisory and, more importantly, their business case is deeply flawed. We have a vision of building a business that will keep the Exchange at the centre of the European equity market. OM's proposal represents a cul-de-sac for the UK market. The offer document provides nothing new for our shareholders to consider."