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‘London & Capital Index Services’ Launched to Support Extended Product Suite

London, 25 October 2006 – London & Capital, a boutique, UK-based asset manager, today announced its appointment of the American Stock Exchange (Amex) as exclusive calculation agent for the MarketGrader Indices, beginning with MarketGrader 40 Index, one of the first merit-based equity indices available in the UK. Amex’s appointment, which came into effect on 18 October 2006, comes as the asset manager launches its ‘London & Capital Index Services’ in preparation for an extended suite of MarketGrader investment products.

The partnership with Amex, a leading publisher of customised index benchmarks and structured products and specialists in the trading of Exchange Traded Funds (ETFs), makes available real-time pricing to MarketGrader 40 Index investors for ongoing portfolio valuation. MarketGrader 40 Index investors will be able to value their portfolio every 15 seconds via leading data vendors, including Reuters and Bloomberg (Ticker: MGFTY), and online financial portals. The access to real-time market data will keep investors better informed of market movements so they may swiftly identify opportunities.

Daniel Freedman, Joint Managing Director, London & Capital, comments: “This alliance broadens the appeal of MarketGrader as we prepare to launch an extended family of investment products based upon the index. The real-time publication of MarketGrader data will give investors greater insight into their portfolios and will facilitate the expansion of the MarketGrader product offering.”

MarketGrader is one of the first merit-based North American equity indices available in the UK. Unlike standard indices, which evaluate stocks based on fixed parameters such as market capitalisation, MarketGrader uses algorithms to apply four quantitative filters (growth, value, profitability and cash flow) to analyse more than 5,700 North American stocks and adjust its holdings accordingly. The index, rebalanced quarterly in line with the submission of company results, is entirely computer driven and free from human intervention. London & Capital currently offers the MarketGrader 40 Index and will launch the MarketGrader 100 and 200, as indices and ETFs, during Q1 2007. MarketGrader 40 will also be launched as an ETF.

London & Capital, which has over USD2 billion under management, has offered institutional clients access to the MarketGrader Index via a European medium-term Note since February 2005. The company launched a Fund in November 2005, opening up the index to high net worth investors.

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Press enquiries to:

Kathryn Torpy/Julia Gregory-Royle, Cre8 Results Limited

Email: marketgrader@cre8results.com

Tel: +44 (0)20 7734 9199

About London & Capital
www.londonandcapital.com

London & Capital is a leading independent firm of investment advisers and fund managers which has overUSD2 billion under management. The company provides private individuals, trusts, banks and institutional investors from across the globe with expert advice on offshore and onshore investment strategies. London & Capital offers access to MarketGrader, a merit based basket of forty US stocks selected by computer algorithms and proven security analysis. Every quarter, following the submission by all US-quoted companies of their financial statements, MarketGrader reassesses more than 5,700 companies, who have more than US$100 million market capitalisation, and adjusts its holdings as appropriate. London & Capital has offered institutional clients access to the MarketGrader Index, via a European medium-term Note since February 2005. The company launched a Fund in November 2005, opening up the index to high net worth investors.

About MarketGrader
www.marketgrader.com

MarketGrader.com Corp. is an independent research provider based in Coral Gables, Florida. The company covers approximately 5,700 US listed companies including virtually all stocks listed in the New York Stock Exchange, the American Stock Exchange and the Nasdaq Stock Market (excluding all OTC Bulletin Board Stocks). The company’s coverage includes over 400 ADRs and it encompasses all 10 economic sectors in the US. MarketGrader grades every company based on a proprietary fundamental analysis across four main categories: growth, value, profitability and cash flow, and issues a final overall grade between 0-100 and a final ‘buy’, ‘hold’ or ‘sell’ rating.

About American Stock Exchange
www.amex.com

The American Stock Exchange(R) (Amex(R)) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 208 ETFs. The Amex is also one of the largest options exchanges in the United States, trading options on broad-based and sector indexes as well as domestic and foreign stocks.



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