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MTS France Appoints Marie-Hélène Crétu As Chief Executive Officer

Date 08/07/2004

MTS France, the leading electronic trading system for French government and quasi-government bonds, today announced the appointment of Marie-Hélène Crétu as Chief Executive Officer. Marie-Hélène will lead the expansion of MTS France, further developing the product offerings and market organisation as well as strengthening the dialogue with issuers and primary dealers.

Prior to joining MTS France, Marie-Hélène was with Chase Manhattan Bank and at Cargill Investor Services for ten years in various roles, most recently as Cargill’s Chief Executive Officer and Regional Leader for Europe. In 2004, she worked for the Chicago Board of Trade as business consultant on electronic markets.

Niels-Christoffer Thygesen, Chairman of MTS S.p.A. said: “We very much welcome the addition of Marie-Hélène Crétu as Chief Executive Officer of MTS France. With her background, experience and contacts in the business, we are certain that she will further drive the success of the company for the overall benefit of the French debt market.”