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JSE Limited. Russell Loubser CEO. Our business today. 5 Markets Equities – listing, trading & regulation of shares, ETFs and warrants Equity Derivatives – SSF, index derivatives, can-do options Agricultural Products – maize, wheat, soya and sunflowers Alt X Yield-X

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Jse limited

JSE Limited

Russell Loubser

CEO


Our business today

  • 5 Markets

    • Equities – listing, trading & regulation of shares, ETFs and warrants

    • Equity Derivatives – SSF, index derivatives, can-do options

    • Agricultural Products – maize, wheat, soya and sunflowers

    • AltX

    • Yield-X

  • Equities and derivatives clearing

    • Own 11% of SAFCOM

  • Settlement

    • Own 41% of STRATE

    • Guarantee of equity trades

  • Information product sales

  • Technology services


Our business today
Our business today

Equities

  • Warrant issues more than doubled in 2006– 356 YTD

  • Continued increase in equity trading volumes and values

    • Average daily value traded up 80% YTD

    • Average daily number of trades up 65% YTD

  • Net foreign investment at an all time high– R56.5 billion YTD

  • Liquidity improved – 46.0% YTD

  • New inward dual listings

    Equity Derivatives

  • Strong performance in equity derivatives

    • Average daily number of contracts up 79% YTD

    • Open interest up 41% YTD


Our business today1
Our business today

Agricultural projects

  • Recovery in 2006

    • Average daily number of contracts up 4% YTD

      Alt-X

  • 23 companies currently listed

    • 8 new companies

    • 1 company graduated to the Main Board

    • 1 company migrated from Main Board to take advantage of better matched value proposition

      Information Products

  • Increase in number of live equity and indices terminals

    • 16% increase in international terminals YTD

    • 11% increase in local terminals YTD

  • 57% of total live equity terminals international


Key financial highlights 30 june 2006
Key financial highlights – 30 June 2006

  • Strong financial performance: Revenue R313 025 000 (up 67% on June 2005)

  • Expenses: R261 442 000 (up47% on June 2005)

    • Employee Scheme, Broad-Based BEE Initiative; STRATE Ad Valorem charge

  • Basic Earnings per share: 110.4c (up 95% on June 2005)

  • Headline earnings per share: 104.0c (up 98% on June 2005)

  • Net asset value per share:R9.47 (up 30% on June 2005)

  • Margins and collateral managed by JSE Group: R8.4bn (up 61% on June 2005)

  • JSE Trustees funds managed by JSE Group at period end: R15.5bn (up 74% up on June 2005)

  • Maiden dividend: 13.6c per share awarded June 2006

All figures post share subdivision

Note: NAV/share calculation excludes shares issued for JEF.

JSE Guarantee Fund Trust and the JSE Derivatives Fidelity Fund Trust are legally separate from the JSE, neither the JSE nor its shareholders have any right to the net assets of such Trusts.



JSE Revenue Composition

2005

30 June 2006


Next steps
Next Steps

Equities

  • Foreign companies, ETFs, African listings, listed company forums

  • Settlement needs to move from T+5 to T+3 together with a reduction in costs

  • Broad-based investor education initiatives to continue with strategic partners

    Equity Derivatives

  • Currency derivatives, continued SSF growth and over-the-counter market

  • Trading platform to be upgraded through Project Orion

    Agricultural Products

  • Auction facility for physical deliveries – followed in longer term by spot market

  • Move to settlement by electronic silo receipts

  • Trading platform to be upgraded through Project Orion


Next steps1
Next Steps

Alt-X

  • New listings in pipeline

    Yield-X

  • List Corporate Bonds

  • Target retail issuers

    Information Products

  • Leverage data available through flexibility Project Orion will offer

  • Fundamental data strategy development

    Technology Services

  • Complete implementation of Project Orion

  • Implementation of new SETS system

  • Managed network


Uniquely positioned for the future
Uniquely positioned for the future

  • Much has been achieved to get this exchange to be able to offer a world class environment

  • The future of our markets will be defined by the choices we make now

  • Best placed to take advantage of both the growing local environment and international opportunities

  • Continued focus for investment given ongoing expansion of global capital markets

  • This country is alive with possibilities for all of us



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