Dear Client,

The FTSE European Committee met recently to approve changes to the UK FTSE 100 and 250 Indices. CMC Markets provides Spread Betting on stocks that are members of these Indices, and will therefore introduce new stocks to trade whilst no longer actively making markets on others.

UK 100

The UK100 addition has been promoted from the UK250. The UK100 exclusions will therefore become members of the UK250.

UK 250

The changes announced by The FTSE European Committee will be applied at close of business on Friday 16th December and take effect at market open on Monday 19th December. Subsequent to this date it will not be possible to open any positions in these stocks.

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Deutsche Boerse recently approved changes to the DAX series of Indices. CMC Markets provide CFD trading on stocks that are members of some of these Indices, and will therefore introduce new stocks to trade whilst no longer actively making markets on others.

German 30

The changes announced by Deutsche Boerse will be applied at close of business on Friday 16th December and take effect at market open on Monday 19th December. Subsequent to this date it will not be possible to open any positions in these stocks.

HRX (Hypo Real Estate) will replace HVM (Hypo Vereinsbank) in the DAX index. Therefore, the margin requirement for HRX will change to 3%, and the margin requirement for HVM will change to 5%, effective close of business Friday 16th December.

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CMC Markets also announce the following changes to European stocks that we quote:

France

Holland

Italy

Switzerland

CMC Markets will continue to actively make a market in these stocks until Friday 30th December 2005 to all clients with existing positions, allowing them to voluntarily close any open positions on the phone. At close of business on Friday 30th December 2005 all existing positions will be closed at a volume weighted mid-market closing price.

Please direct any enquiries to spreadbetdesk@cmcmarkets.com, or alternatively contact the dealing desk by telephone on 020 7170 8202.

Best regards

The team at CMC Markets

For quick answers to your account, software and dealing questions, please visit www.cmcmarkets.co.uk/help