ETF & ETP July Update. London Stock Exchange Group Page 1

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1 ETF & ETP July Update London Stock Exchange Group Page 1

2 Highlights Listings 8 new ETFs and 8 new ETCs were listed on London Stock Exchange in June 2016 There are now 889 ETFs (available as 1,335 lines through multi-currency offerings) and 402 ETCs/ETNs (available as 461 lines) on our London Trading activity Total on-exchange value traded for ETFs in June 2016 was 35.5billion (281k trades), up 70% compared to last year Total on-exchange value traded for other ETPs (ETCs and ETNs) in June 2016 was 5.7 billion (81k trades), 4.7 times the value traded in June London Stock Exchange remains the leading exchange for fixed income ETFs, emerging ETFs and Exchange Traded Commodities (ETC) trading in Europe. Market coverage 21 registered makers provide continuous pricing and a high quality pool of liquidity on our order-book In addition, more than 150 member firms from over 20 countries are connected to the London Stock Exchange's order book and have access to trade ETFs London Stock Exchange Group Page 2

3 London ETF/ETP Market Growth Total on-exchange value traded in June 2016 was 41.2 billion through 362k trades, up by 88% compared to June 2015 Total on-exchange value traded for 2016, year to date, is billion through 2.1m trades, up by 53% compared to the same period last year 400, , , , , , ,000 50,000 - Trades Turnover (millions) 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 - London Stock Exchange Group Page 3

4 Leading European Market: Turnover London Stock Exchange ETF trading is the largest in Europe with 46% share. London Stock Exchange Group Charts: Deutsche Bank European Monthly ETF Market Review June 2016 Page 4 Turnover figures are in million Euros

5 Leading European Market: Commodity Products London Stock Exchange ETC has the highest turnover with 4.8% share in on-exchange ETC trading London Stock Exchange Group Charts: Deutsche Bank European Monthly ETF Market Review June 2016 Page 5 Turnover figures are in million Euros

6 Top 10 Traded Products Orderbook TIDM Value traded ( ) Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) June 2016 trades Value traded ( ) % of trades % of % of Average trade size ( ) Time weighted average spread (bp) ISF 1,233,864, ,104, % 14.83% 41.96% 46, VUSD 408,717,610 4,083 14,746, % 2.26% 3.06% 100, CSPX 335,869, ,457, % 1.31% 0.51% 141, VUKE 249,965,289 3,649 9,095, % 2.02% 1.89% 68, MIDD 226,172,461 6,707 14,424, % 3.71% 2.99% 33, IEMB 168,732,955 2,769 2,140, % 1.53% 0.44% 60, IHYU 156,919,312 2,324 2,228, % 1.28% 0.46% 67, IHYG 128,801,399 2,798 1,579, % 1.55% 0.33% 46, LQDE 118,824,797 3,543 1,451, % 1.96% 0.30% 33, IUSA 100,127,420 1,712 6,851, % 0.95% 1.42% 58, TIDM Value traded ( ) Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) June 2016 trades Value traded ( ) % of trades % of % of Average trade size ( ) Time weighted average spread (bp) GBS 346,685, ,065, % 14.62% 1.94% 46, SGLD 290,058,279 4,488 3,256, % 8.84% 1.55% 64, PHAU 212,204, ,440, % 12.58% 1.16% 33, CRUD 94,714,105 2,946 16,315, % 5.80% 7.77% 32, LOIL 57,576,191 1,360 1,537, % 2.68% 0.73% 42, OIL 53,848,215 1,503 49,124, % 2.96% 23.40% 35, LBUL 50,401,917 1,630 1,624, % 3.21% 0.77% 30, PHGP 45,024, , % 1.00% 0.24% 88, SGLN 44,714, ,488, % 1.28% 1.19% 69, IGLN 38,386, ,164, % 1.48% 1.03% 50, London Stock Exchange Group Page 6 Note: Time weighted average spread uses best bid and best offer prices from the order book

7 Top 10 Traded Products On-exchange* TIDM Value traded ( ) Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) June 2016 trades Value traded ( ) % of trades % of % of Average trade size ( ) Time weighted average spread (bp) ISF 2,306,978, ,472, % 12.40% 22.06% 66, IEAC 1,262,073, ,257, % 0.31% 0.71% 1,439, IHYG 1,097,100, ,369, % 1.13% 0.78% 345, VUSD 1,047,310,617 4,471 37,581, % 1.59% 2.19% 234, IHYU 908,676,407 2,936 13,033, % 1.05% 0.76% 309, MIDD 835,684,092 10,821 52,721, % 3.86% 3.07% 77, VUKE 758,429,736 7,737 27,529, % 2.76% 1.60% 98, IEMB 697,142,561 3,138 8,861, % 1.12% 0.52% 222, IBTS 591,711,248 1,698 6,376, % 0.60% 0.37% 348, CSPX 588,465,863 2,781 4,336, % 0.99% 0.25% 211, TIDM Value traded ( ) Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) June 2016 trades Value traded ( ) % of trades % of % of Note: Time weighted average spread uses best bid and best offer prices from the order book London Stock Exchange Group Page 7 *Includes non-order book trades reported to the London Stock Exchange on-exchange Average trade size ( ) Time weighted average spread (bp) SGLD 1,002,481, ,317, % 5.97% 1.88% 206, GBS 980,117,355 8,419 11,439, % 10.34% 1.90% 116, IGLN 754,505, ,774, % 1.21% 6.95% 765, PHAU 675,228,003 7,586 7,591, % 9.31% 1.26% 89, PHAG 179,992,256 1,310 14,852, % 1.61% 2.47% 137, XCT9 140,869, ,323, % 0.23% 0.89% 753, PHGP 140,785,077 4,372 1,588, % 5.37% 0.26% 32, CRUD 128,435,821 3,591 21,962, % 4.41% 3.65% 35, SGLN 127,694,141 2,690 7,081, % 3.30% 1.18% 47, SGLP 80,534, , % 0.82% 0.15% 121,

8 Trade Size Statistics June 2016 Average order book trade size for ETFs was 45k Average order book trade size for other ETPs was 36k London Stock Exchange Group Page 8

9 New ETFs/ETPs listed June 2016 TIDM Instrument Name ISIN First trading date Currency OILZ BOOST WTI OIL 1X SHORT DAILY ETP IE00BVFZGF USD 2OIL BOOST WTI OIL 2X LEVERAGE DAILY ETP IE00BVFZGG USD 2OIS BOOST WTI OIL 2X SHORT DAILY ETP IE00BVFZGH USD 3BRL BOOST BRENT OIL 3X LEVERAGE DAILY ETP IE00BYTYHS USD 3BRS BOOST BRENT OIL 3X SHORT DAILY ETP IE00BYTYHR USD VIXL BOOST S&P500 VIX SHORTTERM FUTURES 2.25X IE00BYTYHQ USD 3EML BOOST EMERGING MARKETS 3X LEVERAGE IE00BYTYHN USD 3EMS BOOST EMERGING MARKETS 3X SHORT IE00BYTYHM USD TURK LAM ALTERNATIF ZYFIN TURKEY SB IE00BYVJW USD DGRA WT US QUAL DIV GROWTH UCITS ETF - USD IE00BZ56RG USD GGRA WT GLBL QUAL DIV GROWTH UCITS ETF - USD IE00BZ56SW USD MVAW LYXOR FTSE ALL WORLD MINIMUM VARIANCE LU USD RMB2 FTSE CHINA ONSHORE BANK BOND 1-10 YR USD LU USD WING ISHARES FALLEN ANGELS HY CORP BOND IE00BYM31M USD US35 LYXOR IBOXX $ TREASURIES 3-5Y -D-USD LU USD US71 LYXOR IBOXX USD TREASURIES 7-10Y -D-USD LU USD London Stock Exchange Group Page 9

10 Product Growth new listings year on year ETFs ETPs London Stock Exchange Group Page 10

11 Product Ranking by Issuer Issuer ETFs Ranking ishares DB X-Trackers Lyxor SSGA SPDR 99 4 UBS ETF 85 5 Source 50 6 Amundi ETF 50 6 HSBC ETFS 27 8 WisdomTree 22 9 Vanguard Invesco Powershares ETF Securities Ossiam First Trust BMO 9 15 Nomura 4 16 Commerzbank 3 17 Van Eck 3 17 Ashmore 2 19 Fundlogic Alternatives 2 19 Zyfin 2 19 Finex 1 22 Fullgoal 1 22 Total 889 Issuer Other ETPs Ranking ETF Securities UBS AG 66 2 Boost ETP 51 3 Société Générale 27 4 DB ETC 8 5 Barclays Bank 4 6 ishares 4 6 Source 4 6 Total 402 London Stock Exchange Group Page 11

12 Monthly ETF Turnover by Issuer - June Issuer Sum of GBP Value Sum of Trades Sum of Volume Value traded % of Trades % of Volume % of ISHARES 25,007,766, ,912 1,245,596, % 63.03% 72.62% 1 VANGUARD 2,598,418,484 25,881 96,044, % 9.22% 5.60% 2 DB X-TRACKERS 1,972,456,424 19, ,473, % 7.06% 8.25% 3 SSGA SPDR 1,616,517,546 15,874 45,920, % 5.66% 2.68% 4 LYXOR 1,430,093,413 5,491 50,875, % 1.96% 2.97% 5 SOURCE 1,019,719,019 11,013 19,372, % 3.92% 1.13% 6 HSBC ETFS 434,261,332 7,864 32,412, % 2.80% 1.89% 7 ETF SECURITIES 404,703,204 7,588 29,208, % 2.70% 1.70% 8 UBS ETF 306,407,078 3,612 15,581, % 1.29% 0.91% 9 INVESCO POWERSHARES 154,530,323 1,496 7,241, % 0.53% 0.42% 10 FUNDLOGIC 121,189, ,703, % 0.18% 0.10% 11 AMUNDI ETF 106,465, ,066, % 0.23% 0.88% 12 BMO 71,144, ,932, % 0.04% 0.11% 13 WISDOMTREE 66,464,810 1,174 7,056, % 0.42% 0.41% 14 NOMURA 58,224, , % 0.10% 0.06% 15 VAN ECK 44,230,897 1,667 2,262, % 0.59% 0.13% 16 ASHMORE 41,507, , % 0.00% 0.03% 17 FIRST TRUST 35,211, ,585, % 0.15% 0.09% 18 OSSIAM 17,021, , % 0.10% 0.01% 19 FINEX FUNDS 12,362, , % 0.01% 0.01% 20 ZYFIN 371, , % 0.00% 0.00% 21 FULLGOAL 82, , % 0.00% 0.00% 22 Total 35,519,150, ,675 1,715,281,361 Ranking London Stock Exchange Group Page 12

13 Monthly ETP Turnover by Issuer - June Issuer Sum of GBP Value Sum of Trades Sum of Volume Value traded % of Trades % of Volume % of Ranking ETF SECURITIES 3,109,466,721 55, ,236, % 68.61% 68.42% 1 SOURCE 1,118,499,491 6,137 13,570, % 7.53% 2.26% 2 ISHARES 960,635,620 4,217 55,855, % 5.18% 9.29% 3 BOOST ETP 241,395,309 11, ,622, % 13.59% 17.41% 4 DB ETC 195,382,156 1,139 6,137, % 1.40% 1.02% 5 SG ISSUER 24,387,028 2,781 5,558, % 3.41% 0.92% 6 UBS AG 61,224, , % 0.03% 0.02% 7 BARCLAYS BANK PLC 2,216, ,955, % 0.25% 0.66% 8 Total 5,713,207,299 81, ,046,166 London Stock Exchange Group Page 13

14 Fixed Income ETFs Product Range and Turnover LSE has by far the highest on-exchange turnover for fixed income ETPs in Europe with 59% share There are 203 fixed income ETFs listed on the LSE 85% of the European top 20 fixed income ETFs by value traded are LSE listed Top 10 fixed income ETFs by monthly on-exchange turnover ( million) London Stock Exchange Deutsche Börse London Stock Exchange Group Data: Deutsche Bank European Monthly ETF Market Review June 2016 Page 14

15 Contact Details Exchange Traded Products London Stock Exchange 10 Paternoster Square London EC4M 7LS Tel: +44 (0) London Stock Exchange Group Page 15