LSE Investor Presentation Deck

ForexClear - The FX Opportunity Economic incentives increasingly driving FX products into scope for central clearing LCH well positioned to address capital and margin challenges within the vast $6.6tr daily FX market Instrument Category NDFs Vanilla Options FX Swaps & Deliverable Forwards NDOS Spot Currency Swaps Exotics Average Daily Turnover (1) $258bn $244bn $4,200bn $45bn $1,987bn $108bn $5bn LCH offering Live today Live today Deliverable Forwards live today Aim to launch early 2020 (2) Some clears as FX Option hedges Shorter-dated Currency Swaps are likely to clear in time alongside FX swaps Potential to clear some first generation exotics is growing as impediments fall away London Stock Exchange Group Note: (1) Source: BIS Triennial Central Bank Survey Global foreign exchange market turnover in 2019 (Sep 2019) and estimated breakdown of FX Options using SDR traded volumes (2) New products subject to regulatory approvals Current Forex Clear offering 2020 ForexClear focus 2021+ likely ForexClear focus Page 18

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