OM: Offer For London Stock Exchange Plc - Comment Regarding LSE's Statement Of 30 October 2000

Commenting on today's statement by LSE, Per E. Larsson, President & Chief Executive of OM, said: 'We challenge the Exchange to publish what it knows regarding the limitations of its system and the facts that led it to wish to abandon SETS and replace SETS with a Xetra-based system under iX.

We believe that SETS, even after its upgrade, cannot grow to meet even the limited vision set out by LSE's Board. SETS has inadequate capacity, old technology and an inflexible design. Why is LSE refusing to admit these system limitations?'