The Board of the London Stock Exchange believes in the Company’s strong growth prospects as the largest equity market in Europe, but maintains that stock exchange consolidation, on the right terms, could be in the best interests of customers and shareholders. The London Stock Exchange will co-operate fully with the Competition Commission during the review period. Under normal guidelines, the Competition Commission has 24 weeks in which to review a transaction and is expected to report by 12 September 2005.
The Board of the London Stock Exchange remains willing to continue discussions with potential offerors about the possibility of an offer that fully values the London Stock Exchange and is capable of being recommended.
