Markit and Creditex Announce Initial Bidding Results of Quebecor Credit Event Auction

Final Price To Be Published at 2pm EST

London and New York, February 19, 2008 – Markit Group Limited (“Markit”) and Creditex Group Inc. (“Creditex”) announce the “Initial Bidding Period” results of the Credit Event Auction for contracts referencing Quebecor World Inc. The Inside Market Midpoint is 42.125% and the “Open Interest” is $66,000,000 to sell. Creditex and Markit are the official administrators of the Credit Event Auctions.

The Inside Market Midpoint is the indicative level based on two-way markets entered into the auction by 13 participating dealers. The Open Interest is the net balance between buy and sell physical settlement requests submitted by participating dealers.

During the “Subsequent Bidding Period” of the Credit Event Auction, dealers will submit Limit Offers to fill the Open Interest. The final price will be published at 2.00pm EST. The auction is run in accordance with the ISDA 2008 Quebecor CDS Protocol published on January 31, 2008.

Participating dealers in a Credit Event Auction submit orders electronically on the Creditex platform. The auction submissions are delivered to Markit electronically who calculates and verifies the results, and publishes them on the official website www.creditfixings.com.

Timeline for Credit Event Auction

9.45am - 10.00am Dealers submit Inside Markets, Physical Settlement Requests
10.30am Initial Bidding results published
12.45pm - 1pm Dealers submit Limit Bids or Offers (as applicable)
2.00pm Final Price published

All times in EST.

- Ends -

For further information, please contact:

Markit
Teresa Chick (London) +44 20 7260 2094
Nishul Saperia (NY) +1 212 931 4931

Creditex
Brendan Nel (London) +44 20 7429 3041
Annette Bronkesh (NY) +1 973 778 8648

About Creditex
Creditex is the global market leader in the execution of credit derivatives. The first and leading e-trading platform in credit derivatives, Creditex is used by more than 1,000 traders at the world's top financial institutions. The platform has executed over $5 trillion notional this year in credit default swap (CDS) indices, single-name CDS and standardized structured credit products. Creditex has earned numerous accolades including ones from Credit, Euromoney, Forbes, IFR, Institutional Investor, Risk, Ernst & Young and Deloitte & Touche.

About Markit
Markit Group Limited is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.