London Stock Exchange Group Plc Statement re: TMX Group Inc.

14 May 2011 - On 9 February 2011 London Stock Exchange Group plc (“LSEG”) and TMX Group Inc. (“TMX”) announced the terms of an all share recommended merger of equals. LSEG today announces that it has been notified by TMX, in accordance with the terms of the Merger Agreement, that TMX has received a proposal from Maple Group Acquisition Corporation, a consortium of Canadian financial institutions and pension funds (“Maple”), to acquire all of the common shares of TMX for a consideration comprising cash and shares in Maple. The proposal from Maple is not a formal offer for TMX and accordingly there is no certainty that such an offer will be forthcoming.

LSEG remains committed to its recommended merger with TMX on the terms set out in the announcements made on 9 February 2011. LSEG believes the proposed merger offers compelling financial, strategic and operational benefits for shareholders, the full breadth of market participants, listed companies of all sizes, investors and other stakeholders.  The outward-looking, highly international transatlantic group, jointly headquartered in London and Toronto, will be a global leader in capital formation, liquidity and exchange technology. The all-exchange merger is expected to have a direct positive impact on Canada, the UK and Italy, enhancing the position of each country amongst the global business community and driving economic growth. As announced on 29 April 2011, LSEG and TMX have initiated the application process with Canadian federal and provincial authorities and LSEG will continue to work with TMX towards the successful completion of the merger.

LSEG announced on 13 May 2011 its preliminary results for the year ended 31 March 2011, which showed total income up 7 per cent to £674.9 million, adjusted operating profit up 22 per cent to £341.1 million and adjusted basic earnings per share up 23 per cent to 73.7 pence. LSEG continues to pursue its broad range of growth initiatives across listings, cash equities, fixed income, derivatives, post-trade, information services and technology.

London Stock Exchange Group

Victoria Brough (Media)      +44 (0) 20 7797 1222

Paul Froud (Investor Relations)    +44 (0) 20 7797 3322

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services. 

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com.