Statement By Threadneedle Asset Management Re offer For London Stock Exchange PLC by Macquaries London Exchange (MLX)

Threadneedle Asset Management would like to make it clear that it has no intention of accepting the recent offer for the London Stock Exchange Plc by MLX.

Threadneedle Asset Management has invested in the LSE because of its unique brand and strategic position, its strong cash flows and its future growth potential. The MLX offer fails to reflect these factors.

We accept that there are other potential ownership structures that may deliver additional future value to stakeholders in the LSE but the MLX structure does not appear to be one of them.

Threadneedle Asset Management own on behalf of clients 31,376,338 shares (12.325%) of the London Stock Exchange Plc.

Michael Taylor
Head of Equities