SFE Corporation Limited Welcomes Two New Official Market Makers In SFE SPI 200<SUP>TM</SUP> Options.

SFE Corporation Limited is pleased to announce the appointment of Optiver Australia Pty Ltd and Timber Hill Australia Pty Ltd as Official Market Makers in SFE SPI 200^TM options. The introduction of Official Market Makers is part of a series of initiatives designed to enhance the SFE SPI 200^TM options market for both institutional and retail investors.

"Both Optiver and Timber Hill bring with them a wealth of experience and the resulting benefits to the market should be substantial," said Peter Hiom, General Manager, Strategy & Business Development. "The continuous presence of Official Market Makers will significantly improve price discovery, liquidity and market integrity in SFE SPI 200^TM options, providing an attractive alternative to the OTC hedging instruments used by some institutional fund managers."

"We are excited about the potential for this market," said Mr Robert Keldoulis, Managing Director of Optiver. "As a market maker, we bring market depth to the institutional investor and to retail traders, we can promise tight markets, which means more profit opportunities. The new technology and service provided by SFE and the Independent Software Providers, enabling access to both the underlying stocks and SPI 200^TM options, allows us to deliver the liquidity and tight quotes that the market is looking for."

Optiver and Timber Hill, two of the world's most active and respected options market makers, will make continuous two-way markets in a range of SFE SPI 200^TM option strikes spanning the first, second and third quarterly contracts. In addition, Official Market Makers will respond to all 'Request for Quotes' in any strike outside those continuously quoted.

Optiver and Timber Hill went live as Official Market Makers on Monday 15 April, 2002.