Totem Market Valuations Expands Pricing Services

London, 11 October 2004 - Totem Market Valuations Limited ("Totem"), the leading provider of derivatives valuation services, today announced the expansion of its independent pricing service for interest rate swaptions, caps and floors. It now includes Swiss Francs, Hong Kong Dollars and Korean Won.

Totem already provides pricing information on vanilla Interest Rate products in Euro, Sterling, US Dollar and Yen. The company also values more complex products such as Bermudan swaptions, power reverse dual currency notes, quanto products and Dollar structured derivatives.

In May 2004, Totem was acquired by Mark-it Partners, the definitive credit pricing information company, to provide the rapidly growing OTC market with authoritative and reliable valuation, pricing and analysis across an unparalleled range of markets.

Tim Barker, Executive Vice President of Mark-it Partners, commented: "We are committed to providing a comprehensive and high quality service to our customers. This expansion will greatly help our customers to ensure that they are accounting for these complex instruments at a true market value."

For further information, please contact:

Mark-it Partners

Citigate Dewe Rogerson

Notes to Editors

About Mark-it Partners

Founded early in 2001 with the support of contributing data partners ABN AMRO, Bank of America, Citigroup, CSFB, Deutsche Bank, Dresdner Kleinwort Wasserstein, Goldman Sachs, JP Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, TD Securities, and UBS, Mark-It Partners currently receives daily credit default swap (CDS) pricing on over 4,000 issues and receives pricing on over 27,000 cash securities. Partner banks and contributing data providers now total over 40 institutions globally. These institutions feed current and historical credit data into the Mark-it Partners system on a daily basis, facilitating better decision-making and credit risk management within banks' credit operations.

About Totem Market Valuations

Totem Market Valuations Ltd is the leading provider of derivatives valuation services to securities houses and banks. Established in 1997 by experienced market professionals, the company supplies over 30 of the premier investment banking houses with monthly data on markets in Europe, Asia and North America. Asset classes covered by Totem include derivatives in equity, fx, interest rate, commodity and credit markets.

Dividend Directory Limited, a Totem Subsidiary, provides DaDD, the authoritative directory of dividend forecasts, used by major investment banks, fund managers, and proprietary traders worldwide. DaDD is the only service which forecasts the individual dividend amounts and ex dividend dates up to 4 years ahead for the top 4000 global equities.

TIMS, another Dividend Directory Service, provides the latest constituent information for practically all commercially available equity indices. The information is updated throughout the day in real time and includes the latest details of stocks, shares in issue and divisors for each index. Information is checked in real time to ensure its accuracy before being delivered to subscribers in good time to prepare for the next trading session.