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TMX Group Inc.

Comments on Maple Announcement


Continues to recommend agreed merger with London Stock Exchange Group

May 26, 2011 (TORONTO) – TMX Group Inc. acknowledges the announcement made by Maple
Acquisition Group Corporation (“Maple”) on May 25, 2011 regarding its intention to initiate a
unilateral offer to acquire TMX Group.

On May 20, 2011, the TMX Group Board of Directors concluded that, under the terms of the
merger agreement (Section 5.8) with London Stock Exchange Group (LSEG), the Maple
proposal did “not constitute a superior proposal, nor could it reasonably be expected to result in
a superior proposal”.

In communicating this decision, the TMX Group Board clearly laid out the factors taken into
consideration. Given that there were no changes communicated in Maple’s press release from
yesterday, TMX Group continues to be prohibited by the merger agreement from any
discussions with Maple or its advisors. The Board will review and respond to the formal Maple
offer if and when it has been made.

Additionally, TMX Group has not, as reported by Maple, accelerated the date of its shareholder
vote. As stated and required by the merger agreement with LSEG (Section 2.3), TMX Group
obtained an interim order yesterday from the Ontario Superior Court of Justice to call a special
meeting of holders of common shares of TMX Group on June 30, 2011 to approve the plan of
arrangement regarding the proposed merger with LSEG. This follows previously outlined
process and timetables.

As stated in its May 20, 2011 press release, TMX Group entered into the merger with LSEG as
the best path forward for TMX Group, its shareholders and stakeholders. The merger provides
the opportunity for TMX Group and its shareholders to participate in the creation and on-going
growth of a new, globally competitive exchange group, with several important benefits expected
for stakeholders, including:

• The acceleration of TMX Group's growth plans.


• Preservation of TMX Group's businesses in Canada, particularly its regulatory
advantages and its deep know-how and world leading capabilities in resource and small
and medium enterprises.
• Opportunities for Canadians to play a meaningful role in building a global leader in the
exchange sector.
• An improved ability to attract new foreign investment to Canada and to facilitate access
to the world's largest international capital pool for Canadian issuers of all sizes.
• An opportunity to achieve global leadership in derivatives trading and clearing, including
through the continued development of leading-edge technology.
• The ability to market Canadian trading technology leadership to exchange operators and
businesses around the world.
• A strengthening of Canada's brand and leadership on the world stage.

More information on the proposed merger with LSEG can be found at www.TMX.com/merger
About TMX Group (TSX-X)

TMX Group's key subsidiaries operate cash and derivative markets for multiple asset classes
including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange,
Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston
Options Exchange (BOX), Shorcan, Shorcan Energy, Equicom and other TMX Group
companies provide listing markets, trading markets, clearing facilities, data products and other
services to the global financial community. TMX Group is headquartered in Toronto and
operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets
(Houston, Boston and Chicago) as well as in London. For more information about TMX Group,
visit our website at www.tmx.com.

For more information please contact:


Carolyn Quick
Director, Corporate Communications
TMX Group
416-947-4597
carolyn.quick@tmx.com

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