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Tradepoint Financial Networks plc Board Appointment

Date 10/03/2000

Tradepoint Financial Networks plc is pleased to announce that Dr Benn Steil has been appointed as a non-executive director of the Company with immediate effect.

Dr Steil, 36, is a Senior Fellow and holder of the Linda J. Wachner Chair in Foreign Economic Policy at the Council on Foreign Relations in New York. He is also a member of the European Shadow Financial Regulatory Committee, a member of the Advisory Board of the European Capital Markets Institute and the Editor of the International Finance.

His study of the impact of trading automation on trading costs and the securities industry, co-authored with Ian Domowitz and published last July, has been widely cited for its compelling analysis of the technological roots of the current revolution in market structure. His last book was a comprehensive and critically acclaimed study of The European Equity Markets, and he is currently co-authoring a major text on institutional investment.

Commenting on the appointment, Richard Kilsby, Chief Executive of Tradepoint said: 'I am delighted that Dr Steil, one of the world’s leading academic experts on markets macro and microstructure, will be joining our Board. His knowledge of European equity markets in particular will be especially valuable as we prepare to launch the pan-European equities exchange later in the year.'