Interim Management Statement

14 November 2008

Tullett Prebon plc

Interim Management Statement

Tullett Prebon plc is today issuing its Interim Management Statement in
relation to the period from 1 July 2008.

Business update

The high levels of volatility that we experienced throughout the second half of
last year and the first half of 2008 have continued into the second half.

Revenue in the four months July to October was £332m, 26% higher than in the
equivalent period last year (20% higher at constant exchange rates).

This outstanding performance reflects the strength of our market shares in the
more traditional product sectors such as foreign exchange, interest rate swaps
and government bonds. Our expertise and depth of liquidity pools in these areas
are particularly attractive to OTC market participants during periods of
financial market turmoil. Tullett Prebon is therefore well positioned to
benefit from these market conditions. Furthermore we are taking action to
reduce our cost base for next year.

We have continued to invest in the development of our electronic broking
capabilities and we successfully launched Creditdeal, our electronic credit
product trading platform, in London. The platform operates a hybrid model of
voice and electronic execution, complementing our established voice broking
capabilities.

Our financial position is strong, with net debt lower than reported at the half
year.

Enquiries:

Charlotte Kirkham, M:Communications

Telephone: [phone]