Recommended All-Share Merger Between London Stock Exchange Group Plc And Deutsche Börse AG - Update On The European Commission Review - Potential Sale of LCH SA

London Stock Exchange Group ("LSEG") notes the European Commission's announcement confirming the commencement of Phase II proceedings in connection with its review of the proposed merger.

In order to enable LSEG to address proactively anti-trust concerns raised by the European Commission in relation to certain businesses, LSEG confirms that LSEG and LCH Group Limited intend to explore a potential sale of LCH SA, LCH Group Limited's French-regulated operating subsidiary.

Any potential sale of LCH SA would be subject to the review and approval by the European Commission in connection with the recommended merger of LSEG and Deutsche Börse AG which was announced on 16 March 2016 (the "Merger") and other customary conditions including relevant regulatory approvals.  It would also be conditional on the successful closing of the Merger.