what happens after the short cover rally today, page-33

Dear Client,

As you may be aware ASIC and the ASX have in effect banned the creation of new short positions in securities, registered managed investment schemes and certain other government securities.

In support of an orderly market CMC Markets is prohibiting shorting the following Australian Share and Sector CFD instruments from 9am (AEST) Monday, Sept 22nd 2008:

1. TAL - Tower Australia Group
2. BOQ - Bank of Queensland
3. BEN - Bendigo and Adelaide Bank
4. IAG - Insurance Australia Group
5. Sun - Suncorp-Metway
6. AMP - AMP Ltd
7. MQG - Macquarie Group
8. SGB - St George Bank
9. QBE - QBE Insurance Group
10. ANZ - Australia & New Zealand Bank
11. NAB - National Australia Bank
12. CBA - Commonwealth Bank 13. WBC - Westpac Bank
14. MCW - Macquarie Countrywide
15. CGF - Challenger Financial Services Group
16. IFL - IOOF Holdings
17. ROK - Rock Building Society
18. WBA - Wide Bay Australia
19. AXA - AXA Asia Pacific
20. BNB - Babcock and Brown
21. PPT - Perpetual
22. HGI - Henderson Group
23. AUW - Australia Wealth Management
24. AUSFINANCE - Australian Finance Sector

If you currently hold an open short position, you are not forced to close this and if you need to sell in order to close a long position your order will also be accepted.

International regulators have formalised a similar position and we anticipate that other regulators and authorities around the world will make similar announcements. We will do our best to keep you informed of any changes.

Should you have any questions regarding this, then please contact the Client Services team:

Telephone: 1300 660 262
Outside AUS: + 61 2 8221 2180
Email: [email protected]

Best regards,

The CMC Markets Team