London Merchant Securities plc - January 2005

• 1,500 subscriber desks from 183 client organisations in 2 years

• Steady rise in usage

• Information flow up 400% in the year

• Increasing acceptance of electronic delivery of information set to continue to accelerate rapidly

Propex current position 2004/5

Increasing adoption

Propex transactions per calendar month

0100000200000300000400000500000600000700000800000

Nov

-01

Jan-

02M

ar-0

2M

ay-0

2Ju

l-02

Sep

-02

Nov

-02

Jan-

03M

ar-0

3M

ay-0

3Ju

l-03

Sep

-03

Nov

-03

Jan-

04M

ar-0

4M

ay-0

4Ju

l-04

Sep

-04

Nov

-04

Number of people using Propex at some time during each calendar month

0

200

400

600

800

1000

1200

Nov

-01

Jan-

02M

ar-0

2M

ay-0

2Ju

l-02

Sep

-02

Nov

-02

Jan-

03M

ar-0

3M

ay-0

3Ju

l-03

Sep

-03

Nov

-03

Jan-

04M

ar-0

4M

ay-0

4Ju

l-04

Sep

-04

Nov

-04

• PROPEX BRINGS EFFICIENCY. IT SAVES TIME AND MONEY• DEAL REGISTRATION AND RESPONSE• REPORTING• INTERNAL ADMIN• IT - INFORMATION

• PROPEX – BECOMING AN INTEGRAL PART OF THE UK MARKET. ADOPTED BY ALL THE PROFESSIONAL MARKETWITHOUT PROPEX LMS WILL MISS MARKET DEALS, WHICH WILL COST MONEY

• PROPEX A BUSINESS SYSTEM LINKING TO ALL ELECTRONIC INFORMATION SOURCES

• FUTURE DEVELOPMENTS

Why adopt Propex?

Propex ensures that your requirements reach all agents = more deals!