Markit Appoints David Lefferts to Spearhead Data Product Development

London and New York, 3rd October 2006 - Markit Group Limited ("Markit"), the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets, today announced that it has appointed David Lefferts as a Director. Lefferts, who will be based in New York, will focus initially on developing tools to determine "fair value" and to measure best execution.

Lefferts joins Markit from NASD where he was Vice President and Head of Fixed Income Strategy, and was responsible for TRACE (Trade Reporting and Compliance Engine), the NASD's corporate bond reporting facility. Before joining NASD in 2003, he worked at Instinet Group where he spent 10 years in the equity and debt capital markets divisions.

Kevin Gould, Executive Vice President and Head of Data Products and Analytics at Markit, said: "David's experience managing the TRACE transparency initiative when at NASD will help Markit expand its benchmark data set and will reinforce our ability to deliver high quality prices to our clients in compliance with regulatory requirements for best execution."

Markit brings price transparency to the financial markets, and its services are used by over 600 institutions to enhance trading operations, reduce risk and manage compliance.

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About Markit

Markit Group Limited is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets. The company receives daily data contributions from over 70 dealing firms, and its services are used by over 600 institutions to enhance trading operations, reduce risk and manage compliance.

Markit's position in the derivatives markets has been acknowledged by the industry with numerous awards. In 2006, the company won Operations Management's Vendor of the Year award (Trade Processing); Financial News' Best Derivatives Data Solution and Best New Vendor Solution (Portfolio Valuations); Credit's Best Operational Support Services Provider; Inside Market Data's Reference Data Provider of the Year, and Company to Watch; Risk's Trading Initiative of the Year (Credit Event Fixings); and Structured Finance International's Editor's Award for Advancing Structured Finance. In 2005, Markit received International Securitisation Report's Editor's Award for Innovation; International Financing Review's Innovation of the Year (Credit Event Fixings); Financial News' Best Derivatives Data Provider; and Operations Management's Vendor of the Year award.