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Markit Dividends And Index Management To Offer Euronext's Enhanced Index Service

London, 16 February 2005 - Markit Dividends and Index Management, formerly DaDD and now part of Markit Group Limited ("Markit"), today announced it will include Euronext's newly extended range of indices in its service.

Euronext's enhanced index information now offers the CAC 40, BEL 20, AEX and PSI series, and will include "T+1" indices where the overnight changes are reflected in the index composition. Previously, Euronext provided "T" indices that Markit adjusted when appropriate to reflect the overnight changes such as corporate actions, thus giving traders calculated "T+1" indices.

Markit Index Management consolidates the latest constituents of over 8,500 global equity indices and ETFs. Each index goes through a number of checks and validations before being released to clients via a single XML feed.

Markit Dividends is recognised as the de facto standard for dividend information, which forecasts the precise dividend amounts and ex-dividend dates four years ahead for the leading 4,600 global equities.

Markit is the only service to provide users with the information required to calculate accurate fair values and dividend points for any index or ETF up to four years ahead. This service is used by a substantial majority of the major global investment banks, equity derivatives traders, asset managers and hedge funds. Euronext has recently extended its use of Markit Dividends within its equity options valuations models and margining systems to all its exchanges.

John Price, Managing Director and Head of Markit Dividends and Index Management said, "All index users will welcome Euronext's enhancement to its index service. Markit gives users easy access to any global index through a single interface. The availability of Euronext index data and the underlying dividend forecasts in the same feed provides an unprecedented level of information and access. We are also pleased that Euronext has extended the use of our dividends to all its exchanges."

For further information, please contact:

Markit
Teresa Chick
Marketing and Communications Manager
Tel: +44(0)20 7890 5094
E-mail: teresa.chick@markit.com

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About Markit

Markit is the leading industry source for asset valuation data and services supporting independent price verification and risk management in global financial and energy markets. Founded in 2001, the company is an independent enterprise with which the world's leading financial institutions and energy traders work strategically to create price transparency. Today, Markit enjoys the sponsorship of 13 financial institutions who manage assets in excess of $10 trillion, and data contribution relationships with over 45 dealing firms. Markit has designed, launched and acquired over 20 financial data services which are now used by over 300 institutions globally. Areas of product expertise and service include an independent valuation perspective on credit default swaps, syndicated loans and OTC derivatives (credit, equity, FX, rates, energy, power, metals and structured products), as well as dividend forecasting and index and ETF management.

 

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