FXall Notice

FXALL VOTED 'BEST MULTIBANK PORTAL' IN FX WEEK AWARDS FOR THIRD YEAR RUNNING

New York, 23 November 2004 - FXall has been named best multibank portal in the FX Week Awards for the third year running. The poll surveyed more than 1,400 banks, corporate treasurers and investors.

This result is the latest in a series of poll successes for FXall, including awards for best multibank portal in both Euromoney's 2004 FX poll and Global Investor's 2004 FX survey.

FXall has recently launched Altair, a ground-breaking new release of FXall which incorporates more than 20 new features for clients. Altair further extends the functionality of FXall's full deal lifecycle automation by introducing more advanced ways to trade, making dealing quicker and simpler, and further enhancing FXall's connectivity and post-trade services.

About FXall

• FXall is the leading portal for online foreign exchange trading, offering customers foreign currency trade execution, access to research and straight-through processing. By combining streamlined workflow, competitive FX prices and a complete audit trail, FXall delivers improved control procedures and cost savings at every stage of the deal lifecycle.
• FXall provides customers with the ability to meet best practice guidelines proscribed by regulatory bodies - for more information visit: http://www.fxall.com/about/BestPracticeFX.pdf
• FXall is an independent company with offices in New York, London, Tokyo and Singapore.

FXall's services are not intended for, and are not available to, private customers, and are not intended for distribution into any jurisdiction where such distribution is restricted by law or regulation. FXall's services do not constitute investment advice or an advertisement, offer, or solicitation of an offer, for the purchase or sale of any investment, securities or other property, or a representation that any investment, security or other property is suitable for any person.

FXall may act through FX Alliance, LLC (a Delaware, USA limited liability company), FX Alliance Limited (regulated by the Financial Services Authority), FX Alliance International, LLC (ARBN 097 253 640, a Delaware, USA company, members' liability limited).