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Barclays Capital and Schroder Salomon Smith Barney join MTS Ireland as Market Makers

London, October 3, 2002 – Barclays Capital and Schroder Salomon Smith Barney (SSMB) have joined MTS Ireland, the division of EuroMTS dedicated to the trading of Irish government bonds. A total of 9 Dealers, all in the capacity of Market Maker, now participate on the platform, demonstrating the facility of financial institutions to access the market and its successful integration into the European network.

Barclays Capital and SSMB, which has also become an official Primary Dealer of Ireland, join Commerzbank AG and the six other Primary Dealers, AIB Capital Markets, ABN Amro, Credit Agricole Indosuez, Davy Stockbrokers, Deutsche Bank and NCB Stockbrokers. Liquidity in the Irish debt market is further supplemented by the Irish segment on EuroMTS which presently lists the country's two benchmark bonds, 4.25% 2007 and 5% 2013. Thirty-one (31) institutions, 13 in a market-making capacity, participate on this segment.

Oliver Whelan, Deputy Director of The National Treasury Management Agency said: "We are very pleased with the increased turnover of our bonds on MTS and with the interest shown by the broad range of market participants in trading the bonds."

Repo transactions on Irish bonds will be introduced on the MTS system in October. "Classic" repo will be made available through bilateral trading (name give-up).

Daily Turnover activity of Irish bonds on the MTS system have peaked at €195 million, with monthly record volumes in September of €1.45 billion, a growth of over 50% since its launch in July 2002.