SGX Expands in London

8 June 2010 – Singapore Exchange (SGX) today said it has established a London office to better serve its growing number of European-based customers.

The London expansion follows SGX’s 3 June commitment to invest $250 million in its Reach initiative.  Reach will create the world’s fastest trading engine, establish a world-class data centre and seamlessly connect trading communities in Chicago, New York, Tokyo and London to Singapore.  These four hubs will radically lower cross-border connectivity costs and make it even more attractive to be a member of SGX.

“SGX’s presence in London marks a strong commitment to our customers in meeting and responding to their needs.  Building connectivity and enhancing market accessibility will strengthen our position as the market of choice for investors wanting to participate in Asia’s rapidly-growing economies, and for issuers seeking to access global capital markets,” said Mr Magnus Bocker, Chief Executive Officer of SGX.

The SGX London office is headed by Chief Representative, Mr David Battle.  He said, “Many of our customers are in Europe and the US, and a London base enables SGX to reach out to them and prospective clients as we roll out our Reach initiative and facilitate participation in Asia’s growing markets by a larger number of trading firms.”

Mr Battle’s biodata can be found in the Appendix.

The SGX London office is located at:

Singapore Exchange

4 Broadgate

Suite 16, 2nd Floor

London EC2M 2QY

Telephone: +44 (0) 2070 606 668

Appendix

Mr David Battle

Chief Representative

Europe and North America

Singapore Exchange

Mr Battle joined Singapore Exchange (SGX) in July 2009 as Chief Representative for Europe and North America.

Mr Battle has over 22 years of experience in the financial sector. He started his career in the iron and steel industry before moving into the software and services sector in the financial markets.

In 1995, he became a Board member of Rolfe & Nolan Plc, serving as Managing Director of global futures and options solutions. He joined Deutsche Bank AG in September 1997 as Global Head of Marketing for listed derivatives. During his tenure at Deutsche Bank, he became Managing Director and took global responsibility for futures and money market sales.

In November 2005, Mr Battle set up his own consultancy company (DBS Consulting) and became involved in various extended assignments with IT solution vendors, a leading clearing house and SGX.

Mr Battle holds a Bachelor of Arts in Business Studies from Coventry University in England.