The repurchase will involve the early redemption of the redeemable convertible preference shares of LCH (redeemable in December 2008 under their terms) held by Euronext at their redemption value of approximately €199 million.

LCH.Clearnet will then repurchase 26,183,362 of its ordinary shares held by Euronext, at €10 per share, the value at which the shares were issued at the time of the LCH/Clearnet merger in 2003.

Euronext will retain a 5% holding in the outstanding shares of LCH.Clearnet