LSE Mergers and Acquisitions Presentation Deck

2 Capital Markets Providing access to liquidity across multiple asset classes Fixed Income, ives and Other Tradeweb CURVEGLOBAL (1) London Stock Exchange Retail bonds Primary Markets AIM London Stock Exchange Shanghai London Stock-Connect Capital Markets LSEG Technology Hosting & Millennium RNS London Stock Exchange Main Market & AIM Turquoise FX matching FX all FX Equities Key strategic priorities Develop offering across the end-to-end capital markets workflow Provide efficient access to liquidity across multiple asset classes and regions supporting customers who seek to trade and raise capital on a global basis Work in partnership with customers to address the changing landscape Continued electronification of markets Prominence of buy-side firms Demand for investment in alternative asset classes Seek to broaden solutions for issuers via data, analytics and distribution capabilities in Information Services - ● ● Simplify connectivity across multiple venues and asset classes Extend global reach and access of capital markets beyond Europe Revenue composition (FY19) LSEG (2) FY19 £m Primary Markets Secondary Markets - Equities Total Secondary Markets - FX Secondary Markets - Fixed income, derivatives & Other Note: (1) LSEG currently owns 43.4% of CurveGlobal and as such, revenues are not consolidated into Group Revenues but rather recognised as profit / loss from associates (2) LSEG revenues excludes revenues associated with the Borsa Italiana Group divestment (3) Totals may not net due to roundings 139 87 79 305 Refinitiv 201 London Stock Exchange Group 563 764 Total (3) 139 87 201 641 1,069 Page 7

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