Recommended All Share Merger Between London Stock Exchange Group Plc And Deutsche Börse AG - Update On The European Commission Phase II Proceedings

On 28 September 2016, the European Commission (“Commission”) announced the commencement of Phase II proceedings in connection with its review of the proposed merger between London Stock Exchange Group plc (“LSEG”) and Deutsche Börse AG (“Deutsche Börse”) (the “Merger”). As announced on 7 February 2017, the Commission began a period of market testing based on LSEG’s and Deutsche Börse’s submitted commitments, comprising of the proposed sale of LCH SA to Euronext N.V..