Sydney, Tuesday 22nd July 2008 - Yieldbroker Pty Limited today announced that RBC and UBS had agreed to undertake equity investments that will give both banks an equal share of the online trading company alongside existing shareholders ABN Amro, Citi, Deutsche Bank, JP Morgan and Macquarie Bank.

The co-operatively owned venture is the dominant electronic trading platform in the local debt markets providing institutional investors with the ability to view live indicative prices and request competitive two-way markets in over 700 debt securities. The investment occurs at a time when the Yieldbroker is expanding into the interdealer market and launching a straight-through-processing initiative for debt markets in conjunction with Omgeo.

In welcoming them to the company, Paul Bide, Chairman of Yieldbroker, said “we look forward to working with our new shareholders in further developing our service to deliver benefits for our banking partners, our clients and all debt market participants.”

General Manager Richard Swift also emphasised Yieldbroker’s capacity to co-operatively develop important debt market infrastructure.

“The cost of building and supporting systems can be prohibitive for individual banks, particularly in the current market environment. Yieldbroker’s shared-cost nature avoids unnecessary duplication and makes the kind of industry wide projects we are pursuing a realistic proposition”

RBC’s Rod Ireland said “RBC is committed to providing a full range of products and services for Australian and New Zealand debt market clients and we view an online presence through Yieldbroker as an integral part of our service strategy”.

He added “we see exciting opportunities for developing Yieldbroker and look forward to co-operating with our banking partners to bring further improvements to the platform.”

Similarly, Duncan Haig at UBS commented “during our initial trial we were particularly impressed with the range and volume of client transaction flows. We are pleased to confirm our permanent position on the platform and look forward to working with Yieldbroker to maximise the system’s potential.”

Both RBC and UBS are already available for trading through Yieldbroker’s DEBTS application. Client users of the service should contact the Yieldbroker helpdesk to activate new price-maker relationships.

About Yieldbroker

Founded in 1999 as a co-operative venture between leading debt market participants, Yieldbroker provides the systems infrastructure, regulatory framework and compliance oversight necessary to facilitate the growth of orderly electronic marketplaces in Australian and New Zealand debt securities and derivatives. Commencing operation in 2001, Yieldbroker’s dealer-to-client market is the dominant electronic trading platform in the Australian debt marketplace. Yieldbroker’s inter-dealer market opened in 2007 and captures a substantial share of market turnover in government and semi-government securities and AUD corporate, supra, agency and sovereign fixed and floating rate securities. For more information about Yieldbroker, please visit www.yieldbroker.com

For further information contact:

Richard Swift
Yieldbroker
Tel. +61 2 9994 2890

Rod Ireland
RBC Capital Markets
Tel +61 2 9033-3218

Duncan Haig
UBS AG Australia Branch
Tel +61 2 9324-2883