20% Reduction in JSE Administration Fees

May 30, 2007 at 12:00 AM EDT

JOHANNESBURG - The JSE has announced that it has implemented a 20% reduction in the fees it charges for the administration of the funds it manages on behalf of investors through JSE Trustees as well as the initial margin funds managed on behalf of Safex Clearing Company (Safcom).  According to Russell Loubser Chief Executive Officer of the JSE, “Fees will decrease from 0.25% to 0.2% of the value of funds under management by the JSE. This decrease benefits all JSE stakeholders and is part of the exchange's constant efforts to keep prices down.” 

FOR FURTHER INFORMATION PLEASE CONTACT:
Nomonde Mxhalisa                            
Corporate Communications Consultants (Pty) Ltd           
Tel: 011 783 8926                                                         
Fax: 011 783 7608                                              
Email: nomondem@corpcom.co.za

ON BEHALF OF:
Freda Evans
JSE Chief Financial Officer
Tel: 011 520 7276
Email:fredae@jse.co.za