FXall Notice

FXALL WINS GLOBAL INVESTOR FX SURVEY FOR FOURTH YEAR RUNNING

558 investors polled in Global Investor's largest ever FX survey

10 March 2005 - FXall has been voted number one multibank portal in Global Investor's Foreign Exchange Survey for a fourth consecutive year, reflecting its position as platform of choice for asset managers and other institutional investors. The poll of 558 financial institutions was conducted in November/December 2004.

The news comes as FXall experiences record growth in its asset manager franchise. Total volumes traded by asset managers on its platform grew by 146% in 2004. The company recently announced the opening of an office in Boston, Massachusetts, to meet rising demand from institutional investors.

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, Boston, 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).