Regulator Selects Markit for Credit Derivatives Intelligence

London, 03 July 2006 - Markit Group Limited ("Markit"), the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced that the Financial Services Authority ("FSA") has chosen to use Markit's credit data services. The FSA regulates the UK financial services industry.

Under the terms of the agreement, the FSA will gain access to Markit's benchmark credit default swap (CDS) pricing, RED (Reference Entity Database) and Portal. Markit RED is the industry source of reference entity and reference obligation identifiers used throughout the CDS markets. Markit Portal provides users with a unique window onto pricing, news and research in the financial markets. The FSA will use the data for research and regulatory compliance purposes.

Penny Davenport, Director, Product Management at Markit said: "Our agreement with the FSA underlines the fact that Markit's credit data is regarded as the industry standard, leading the way in terms of accuracy, breadth and reliability. We are very pleased to count the FSA as a client, and to provide them with transparent pricing and standard reference data to help them monitor the UK financial markets and their participants. The CDS market is a very effective barometer of a company's financial health and acts as an early warning signal of trouble brewing."

Markit is the pre-eminent source of data, price verification, portfolio valuations and trade processing in the global financial and commodities markets. The company receives daily data contributions from over 60 dealing firms, and its services are used by 450 institutions to enhance trading operations, reduce risk and manage compliance. The FSA joins a growing list of regulatory bodies, central banks, governments and auditors that subscribe to Markit's services.

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For more information please contact:

Markit Group Limited
Teresa Chick
Director, Corporate Communications
T: +44 20 7260 2094
E: teresa.chick@markit.com

About Markit Group Limited

Markit Group Limited is the leading industry source of independent pricing, reference data and valuations for the global financial and commodities markets. Markit receives data contributions from over 60 dealing firms, and its services are used by 450 institutions globally. Areas of product expertise include OTC derivatives (credit, equity, FX, rates, inflation, energy, power and metals), corporate bonds, syndicated loans, dividend forecasting, and index and ETF management. The company also provides operational benchmarking.

Markit has most recently brought price transparency to the European asset-backed securities market with the launch of the first independent ABS pricing service. Its position in the derivatives markets has been acknowledged by the industry with awards from Inside Market Data for Reference Data Provider of the Year 2006, and Company to Watch 2006; Risk Magazine for Trading Initiative of the Year 2006 (Credit Event Fixings); Structured Finance International's Editor's Award for Advancing Structured Finance 2006; International Securitisation Report's Editor's Award for Innovation 2005; International Financing Review's Innovation of the Year 2005 (Credit Event Fixings); Financial News' Best Derivatives Data Provider 2005; and Institutional Investor's Operations Management Award for Vendor of the Year 2005.

www.markit.com