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TELEKURS FINANCIAL ANNOUNCES EDWARD BUSK AS SALES DIRECTOR FOCUSSING ON THIRD PARTY BUSINESS

11 August 2005

Press Release No 10/05

Telekurs Financial is pleased to announce the arrival of Edward Busk to the London Sales Team. Busk previously worked for Telekurs Financial between 1993 and 1999 in various roles from Sales Executive to Sales Director. He has now been appointed as Sales Director focussing mainly on third party business and is a Member of Management.

Over the past seven years, Busk spent some time working for Reuters as European Sales Director and also travelled extensively.

Also joining Telekurs Financial is Kuldip Sandher, who has been appointed as a Sales Executive in the London office. Sandher joins from MYOB (formerly Solution 6) where he worked as a Sales Executive. He also brings with him five years of experience from Financial Times Information as a Senior Sales Executive.

Reto Baumann, formerly Sales Manager, Partner Business, is leaving Telekurs Financial to explore new opportunities abroad.

‘With these new appointments, Telekurs Financial is well placed to continue its growth and expansion in the UK market.’ said Beat Koch, CEO of Telekurs (U.K.) Ltd. ‘They bring with them excellent knowledge of the industry and sales expertise, which will support our business goals; dedicated to providing flexible, innovative and high quality services to the market.’