Definitions

Acquired Asian Businesses

The acquisition from Nittan Capital of its voice broking interests in Asia (Nittan Capital (Hong Kong) Ltd, Nittan AP (Singapore) Pte Ltd, Noranda Investments Pte Ltd, NextGen Holding Co Ltd and certain subsidiaries including ICAP-AP (Thailand) Co. Ltd)

Arkhe

Arkhe Distribuidora De Titulos E Valores Mobiliarios SA

BEIP grant

Business Employment Incentive Program, a grant run by the New Jersey Economic Development Authority

Broadgate

2 Broadgate, London EC2M 7UR

BrokerTec

see ICAP Electronic Broking below

BSMP

The Bonus Share Matching Plan

BSN

BSN Holdings Limited

Capital

Capital Shipbrokers Limited (renamed ICAP Shipping Tankers Limited) and related companies

CFETS–ICAP

Shanghai CFETS-ICAP Money Broking Co. Limited

CDS

Credit Default Swaps

Combined Code

the Combined Code on Corporate Governance issued in 2006

Companies Act

Companies Act 1985 as amended

Company or ICAP

ICAP plc (formerly Garban-Intercapital plc and Garban plc)

CRD

Capital Requirements Directive

Demerger

the demerger of Garban from United on 17 November 1998

dollar or $

unless otherwise specified all references to dollars or $ symbol are to the currency of the US

EBS

EBS Group Limited and its subsidiaries

EMEA

Europe, the Middle East and Africa

EPS

Earnings per share

ETL

Electronic Traveller Limited

EU

European Union

Exco

Exco plc, which changed its name to Intercapital plc on 26 October 1998

Exco/Intercapital merger

the acquisition of the Intercapital companies by Exco on 26 October 1998

Exotix or Exotix business

Exotix Holdings Limited and its subsidiaries

FICC

Fixed Income Clearing Corporation

FINRA

Financial Industry Regulatory Authority

First Brokers

First Brokers Securities Inc

FRC

Financial Reporting Council

FRS

Financial Reporting Standard

FSA

Financial Services Authority

FTSE 100

index comprised of the 100 largest companies listed on the London Stock Exchange in terms of their market capitalisation

FTSE 250

index comprised of mid-capitalised companies, not covered by the FTSE 100, representing approximately 15% of the UK market

FTSE All-Share

the aggregation of the FTSE 100, FTSE 250 and FTSE Small Cap Indices

FX

foreign exchange

Garban

Garban plc

Garban Trust

Garban Employee Share Ownership Trust

Group

the Company and its subsidiary undertakings

HMRC

Her Majesty’s Revenue & Customs

ICAP Electronic Broking

the businesses of ICAP Electronic Broking LLC (formerly BrokerTec USA LLC) and ICAP Electronic Broking Limited (formerly BrokerTec Europe Limited)

ICAP Energy

ICAP Energy LLC and ICAP Energy A/S (formerly APB Financial LLC and APB Energy EuropeA/S)

ICAP shares

ICAP plc ordinary shares of 10p each

ICAP Shipping

ICAP Shipping Limited (formerly ICAP Hyde & Company Limited) and related companies

ICAP Trust

ICAP Employee Share Trust

IFRIC

International Financial Reporting Interpretations Committee

IFRS

International Financial Reporting Standards

INFBV

INCAP Finance BV

Intercapital

Intercapital Limited (formerly Intercapital plc)

Intercapital companies

those companies acquired from IPGL at the time of their merger with Exco in October 1998

IPGL

IPGL Limited

ISDA

International Swaps and Derivatives Association

ISMA

International Securities Market Association

LIBID

London Interbank Bid Rate

LIBOR

London Interbank Offered Rate

Link

the businesses of The Link Asset and Securities Company Limited, Link Securities Hong Kong Limited and Link Brokers Derivatives Corporation

Merger

the merger of Garban and Intercapital on 9 September 1999

MiFID

Markets in Financial Investments Directive

NSCC

National Securities Clearing Corporation

OTC

over-the-counter

Pillar1

the minimum capital requirements firms will be required to meet for credit, market and operational risk under the Basel Accord

Reset

Reset Holdings Private Limited and related companies

RPI

Retail Price Index

SEC

Securities and Exchange Commission

Share split

at an extraordinary general meeting held on 4 February 2004 shareholders approved a five for one share subdivision which divided the Group’s ordinary shares of 50p each into five ordinary shares of 10p each. The subdivision was effective from 9 February 2004.

STP

straight-through-processing

Traiana

Traiana Inc and subsidiaries

Treasury Shares

shares as defined by the Companies Acquisition of Own Shares (Treasury Shares) Regulations 2003 which came into force on 1 December 2003

United Fuels

the acquisition of the majority of the assets of United Fuels International, Inc and its affiliates