Market Group: Announcement of Shortlist of Tenderers to Construct European DataWarehouse

LONDON, May 31, 2011 -

The Market Group is pleased to announce today the
six finalists that have been invited to participate in the next stage of the
tender process to select the European DataWarehouse's (ED) constructor. The
Request for Proposals (RfP) process will continue for about one month from
its issuance. Following a review of the responses received to the RfP, the
successful tenderer will enter into a contract to construct ED. The names of
the four institutions and two consortia that have been invited to participate
in the RfP process are as follows:

1) Bank of New York Mellon;

2) Experian;

3) Sapient;

4) Thomson Reuters;

5) Bloomberg consortium comprising: Trepp, Markit, Intex, CoreLogic
Solutions and Lewtan Technologies;

6) Moody's consortium comprising: PECDC and OSIS.

Following the RfP, a winner will be selected to start building ED over
the next few months. ED will be fully operational by the first half of 2012
to provide, among other things, verification services to originators for
compliance with the European Central Bank (the ECB) loan-level reporting
templates.

Notes to editors:

In December 2010, the Governing Council of the ECB announced its
intention to establish loan-by-loan data requirements for asset-backed
securities (ABSs) in the Eurosystem collateral framework, with the aim of
improving transparency and helping to restore investor confidence in the
European securitisation markets.

To make this happen, the ECB is encouraging the creation of a
groundbreaking ED for the processing, verification and transmission of
loan-level data. In April 2011, ECB President Jean-Claude Trichet invited
market participants to lend their support to this innovative project.

Once constructed, ED will ensure that loan-level data is made available
to market participants to increase transparency in relation to, and
facilitate the risk assessment of, existing and future ABS transactions.
Processes and software systems will be put in place that allow ABS
originators to submit loan-level data to ED electronically, and the
loan-level data will be checked for compliance with the specific ECB
reporting templates as well as for consistency and timeliness.

An independent group of market participants called the "Market Group" is
currently overseeing a tender process to select a company to build ED. As
part of the selection process, a Request for Information was issued this
April to which more than fifty companies responded.

    For further information please contact:

    The Market Group
    Paul D Burdell (CEO of Link Financial, Secretary of the Market Group)
    t: +44(0)207-793-2650
    paulburdell@themarketgroup.eu

    MHP Communications
    Andrew Jaques
    Ian Payne
    t: +44(0)203-128-8100

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