IFX Group plc

On 3 August 2006, the boards of directors of City Index and IFX Group announced that they had reached agreement on the terms of a recommended cash offer to be made by City Index for the whole of the issued and to be issued share capital of IFX Group. The Offer was 180 pence in cash for each IFX Share and values the existing issued and to be issued ordinary share capital of IFX at approximately £57.9mlion.

On 7 September 2006, City Index announced that the Offer had been declared unconditional in all respects.

Canaccord Genuity acted as rule 3 advisor to IFX Group.