September 28, 2009 Guernsey, Jersey and London, 28 September 2009 – The Market Authority of the Channel Islands Stock Exchange (CISX) is pleased to announce the availability of transaction settlement at Euroclear UK & Ireland for CISX-traded Open Ended Investment Companies (OEIC) with effect from 30 November 2009. The CISX has been trading OEIC since March 2005, and will now be able to offer listed issuers in UK-domiciled (including Guernsey and Jersey) OEIC transaction settlement at Euroclear UK & Ireland for transactions on or outside dealing days. Euroclear UK & Ireland is the central securities depository for UK, Irish and Channel Island securities and already provides settlement and related services for a wide range of securities traded on the CISX. Its extended coverage to include open ended investment companies is hugely significant, according to the Chief Executive of the CISX, Tamara Menteshvili. “The CISX is the first exchange to make OEIC transactions available for settlement at Euroclear UK & Ireland, which will add immeasurably to the Exchange’s appeal to fund managers and investors alike. Tamara Menteshvili commented: “Extending settlement of OEIC transactions to the proven capabilities of Euroclear UK & Ireland will revolutionise the open-ended funds sector by enabling investors to redeem and subscribe to shares electronically on or outside normal dealing days. The move enhances the efficiency of the settlement process for investors and brings new opportunities, both for the Exchange and the investment business sector within the Channel Islands. It will have particular significance for securities with monthly or less frequent dealing days, such as in the open-ended property funds market. It is a further example of the Exchange’s innovative approach to exchange services.” Yannic Weber, Chief Executive Officer of Euroclear UK & Ireland, stated: “Bringing automation and standardisation to the processing of investment fund transactions is a high priority for Euroclear UK & Ireland. CISX clients will see their processing costs decline, and the risks and errors associated with manual transaction processing will be reduced substantially as a result of electronic settlement of OEIC transactions at Euroclear UK & Ireland. We are delighted for CISX that it is the first exchange to offer this service to its clients.” Robin Newbould, Director of CISX member-firm Cenkos Channel Islands, said: “Representing the latest example of the Exchange’s innovative approach to services, the introduction of Euroclear UK & Ireland settlement will have particular significance for securities with monthly, or less frequent, dealing days such as open-ended property funds. Being able to settle with other Euroclear UK & Ireland participants so easily will almost certainly make them think of using the secondary market more often, which in turn will lead to improved liquidity.” Andrew Howat, Managing Director of Capita Financial Group in the Channel Islands, added: “As one of the sponsors of the CISX, we are very encouraged to see another extension of the capabilities of the Exchange. Through offering additional dealing flexibility of this nature coupled with the already well recognised services provided, this can only further enhance the attractiveness for companies seeking a listing. We have followed this development very closely and are delighted to see it come to fruition.” ENDS Note to Editors Euroclear UK & Ireland offers real-time securities settlement for Irish, UK, Jersey, Isle of Man, Guernsey and international securities. Euroclear UK & Ireland is a wholly owned subsidiary of Euroclear SA/NV. Euroclear is the world’s largest provider of domestic and cross-border settlement and related services for bond, equity, derivatives and fund transactions. User owned and user governed, the Euroclear group comprises the international central securities depository Euroclear Bank, based in Brussels, as well as the national central securities depositories (CSDs) Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland. Euroclear also owns EMXCo, a leading UK provider of investment-fund order routing, and Xtrakter, owner of the TRAX trade matching and reporting system. In 2008, the Euroclear group settled more than EUR 560 trillion in securities transactions, representing 157 million domestic and crossborder transactions, and held more than EUR 18 trillion in assets for clients. Euroclear Bank is rated AA+ by Standard & Poor’s and Fitch Ratings. For more information, consult www.euroclear.com The CISX provides a listing facility and screen-based trading. It concentrates on the following core products: • Specialist Securities, including, Eurobonds, Structured Debt, Warrants and SPVs; • Investment funds; • Primary and secondary listings of securities and shares issued by Channel Islands’ companies; • Primary and secondary listings of securities and shares issued by overseas companies; and • Channel Islands Depository Receipts (CIDRS) Offering a personalised approach and fast track processing of listing applications, the CISX operates within a highly regulated and innovative marketplace. By combining its pragmatic approach with responsibility, the CISX has achieved wide international acceptance and recognition. Having commenced operations in October 1998, the CISX has grown rapidly, with over 3300 securities having been admitted to the official list by the Market Authority since inception. The CISX now has more than 50 members, including trading members in London as well as Guernsey and Jersey. The Official List features 25 countries and well over 200 international issuers. Recent listings, such as Islamic investment funds, are broadening the portfolio even further. For more information, consult www.cisx.com For further information, please contact: Euroclear Martin Gregson +32 (0)2 326 4186 martin.gregson@euroclear.com Stéphanie Heng +32 (0)2 326 1151 stephanie.heng@euroclear.com Crystal Public Relations Mike Sunier +44(0)1534 618613 mike@crystalpr.co.uk Leah Dunford +44(0)1534 618613 leah@crystalpr.co.uk