1. Accessing Global Capital Markets Through London
LSEG & Israel
April 2018

2. London Stock Exchange Group Building stable, trusted markets since 1801
Post Trade Services
Information Services
Capital Markets
Selected LSEG business lines and areas of focus 2

3. $10 trillion $873 trillion $15 trillion
London Stock Exchange Group A global leader
$10 trillion
Total money raised on London Stock Exchange in the last decade
$873 trillion
Derivatives cleared by SwapClear in 2017 to support G20 and global financial stability
$15 trillion
Assets under management using our benchmarks

4. Markets that Support Growth Our Choice of Equity Markets
Private Equity
Venture Capital
Seed Capital
Business
Angels
Friends Family
Start - Up
Early Stage
Expansion
Consolidation & further capital raising
Diversification of investors, M&A and International Expansion
Concept & seed stage
Funding requirement
£500k
£1m
£100k
£50k
£150m
£1bn
Strategic consideration

5. 107 £41bn AIB Group 37 Fund IPOs IPOs
Recent Highlights & Key Transactions
107
IPOs
9 of top 10 IPOs were international
107 IPOs on London Stock Exchange in 2017 raised a combined £15 billion, nearly 4 times higher than the next European competitor.
London’s IPOs became even more international in 2017, with 9 of the 10 largest IPOs considered to be international companies.
£41bn
A total £41bn equity capital was raised in London in 2017 through IPOs and follow on issuance, 36% higher than in 2016.
More closed end funds, SPACs and REITs have listed in London than anywhere else in the world in 2017.
37 Fund IPOs
AIB Group
More Further Offer (FO) transactions on LSEG markets than any other exchange globally in 2017
First Komodo Bond
London Stock Exchange welcomes world’s first Komodo (Indonesian rupiah) corporate bond by Indonesian authorities.
Europe’s largest IPO of the year chose to dual list in London. Allied Irish Banks raised £3bn at IPO.
Source: Dealogic, London Stock Exchange data, January 2018

6. London is the International Market of Choice
More international companies choose London for listing than any other exchange. 28% of all major exchange listed international companies are listed on LSE.
Our issuers operate in over 100 countries around the world.
International Companies Across Exchanges
London Has More International Companies Than Any Other Exchange
Int'l Companies as % of total companies
LSE
31%
NYSE
22%
NASDAQ
14%
TSX 7%
SGX
21%
SEHK 3%
By # of Companies
1,770 Companies
28%
26%
21%
12% 9% 4%
LSE
NYSE
Nasdaq
TSX
SGK
SEHK
Source: LSE, FactSet, April 2018
International companies have headquarters in different country to primary listing venue. LSE international companies are defined as being incorporated outside of the UK. 6

7. London Provides Investor Diversification Superior investor diversification and access to global investors
Domicile of Top investors in listed securities in London
London has the most diverse investor base of any major global exchange, while still allowing issuers to tap US institutional investors.
This allows issuers access to a pool of capital that is comfortable with companies who build internationally facing business models.
51% UK
14%
Europe (ex UK)
LSE
$2.44trn
30%
North America
Domicile of Top investors in listed securities in the US 5%
Rest of World 6% UK 5%
Europe (ex UK)
Largest Institutions Investing in LSE Listed Stock
Investor Country
BlackRock Investment Management (UK) Ltd.
United Kingdom
The Vanguard Group, Inc.
United States
Legal & General Investment Management Ltd.
Norges Bank Investment Management
Norway
Capital Research & Management Co. (World Investors)
Invesco Asset Management Ltd.
NASDAQ
and
NYSE
86%
North America 2%
Rest of World
Source: FactSet, London Stock Exchange stats, April 2018

8. LSEG and Israel A partnership to support future growth
Israeli PM Benjamin Netanyahu visited London Stock Exchange to emphasise the strong links between Israel and LSEG.
Both Israel and LSEG expressed their commitment to innovation, technology and continuing business growth.
LSEG is supporting the thriving Israeli business community by contributing to financing its growth.
28 Israeli companies are already listed in London ($14.7 billion) and 9 Israeli SMEs are part of our ELITE programme.

9. Total Market Capitalization
The Israeli Listed Peer Group in London
We are proud to have 28 Israeli companies on our markets with listings of almost $17.5 billion. It underlines the exceptional investor interest in building exposure to Israel’s dynamic economy.
Main Market
AIM
Total
No. of Companies 9 1 18 28
Total Market Capitalization
$12.4bn
$0.1bn
$5.0bn
$17.5bn
Total money raised by Israeli companies since 2007
$6.2bn
Source: Dealogic & LSE calculation, April 2018

10. Value Traded in Mar 2018 (£m)
Defense Companies on LSE Markets AIM’s Cohort Plc outperforms FTSE All Share index
Overview of LSE-listed defense companies
Issuer Legal Name
LSE Market
Value Traded in Mar 2018 (£m)
Market cap (£m)
COHORT PLC
AIM 1
140
AVON RUBBER PLC
MAIN MARKET 13
425
BAE SYSTEMS PLC
871
19,297
CHEMRING GROUP PLC 11
596
QINETIQ GROUP PLC 65
1,277
ULTRA ELECTRONICS HOLDINGS PLC
143
1,066
Source: Bloomberg, FactSet, LSE, April 2018

11. 1,126 71 $4.7tn 39 12,000 Global Home of Fixed Income Capital
Innovating in debt financing
1,126
Issuers 71
Countries
$4.7tn
Raised* 39
Currencies
12,000
Listed Debt Instruments
105 RMB bonds
23 Masala bonds
71 Green bonds
67 Sukuk
19 Komodo
London is the premier Renminbi trading hub outside Greater China with 105 bonds from 18 global issuers raising RMB 32 billion.
London Stock Exchange is home for 23 Masala bonds from 9 issuers which have raised over $5.1bn.
London Stock Exchange is home for 71 Green bonds which have raised over $22.7bn in 7 currencies
London Stock Exchange is a key global venue for the issuance of Sukuk. To date over US$49bn  has been raised through 67 issues of these Shariah compliant instruments.
London Stock Exchange is home to 19 active IDR denominated bonds, raising $2.8billion
Update figures
London Stock Exchange is home to the first ever offshore Chinese Sovereign RMB Bond
India picks London to launch corporate Masala Bond market led by Housing Development Finance Corporation and National Thermal Power Corporation
First Abu Dhabi Bank picks London Stock Exchange to list the first ever Green Bond issued from the Middle East
Islamic Development Bank picks London Stock Exchange for a $1.25 billion Sukuk, emphasising our continuous support for the Islamic Finance Industry
Jasa Marga chooses London for its pioneering transaction. Marking its first Rupiah denominated bond (Komodo) issued internationally and is expected to list on LSE in December 2017
Source: LSE, Bloomberg, May 2018
Currently listed bonds are captured only.

12. Listing Bonds on LSE Main Market ISM
An Efficient and Expedient Process
UKLA Confirmation Letter
Admission to Trading on Main Market
UKLA
Submit documentation concurrently to UKLA and LSE
UKLA – approves admission to Official List
LSE – approves admission for trading
Pre-admission requirements
Final form 1
Sanctions confirmation
Prospectus (to be received 1 day before admission)
Main Market
UKLA guarantees turnaround of 4 days for initial comments and 2 days thereafter
LSE
Pre-admission requirements
Final form 1
Sanctions confirmation
Admission particulars (to be received 1 day before admission)
Admission to Trading on ISM
ISM
LSE
Eligibility Confirmation Letter
Submit documentation directly to LSE
LSE guarantees turnaround of 3 days for initial comments and 2 days thereafter

13. Israeli Sovereign Bond
Geographical Distribution
10Y
20Y UK
29%
28%
France
20% -
Germany
19%
48%
Rest of Europe
17% 9%
Switzerland 7% 4%
Israel 6%
Asia
Other 2% 1%
Israel opens 2017 international sovereign bond market with
oversubscribed deal
Country Details
Company
State of Israel
Rating
A+/A+/A1
GDP
USD 297 billion
Market
Main Market
Transaction Details
Issue Date
18 Jan 2017
Issue Size
€1.5 billion / €750 million
Coupon
1.5% / 2.375%
Maturity
10 years / 20 years
Country Profile
Debt issuance story
It is the first non-European sovereign to issue a euro-denominated bond of 20 year tenor.
“Israel has limited funding needs and 20 years is a tenor they don’t necessarily need, but it allowed them to broaden and diversify into a different and distinct pool of investors, such as German insurers, pension funds and high quality accounts from Europe.” Vi Davda, Fixed Income Syndicate, Barclays.
“Investors love Israel. It is very stable and has a good relationship with the rest of the world. It is OECD, so gets the French bid and US investors love them” Market appraisal.
This is the largest ever euro-denominated bond issued by the country as well as being its first euro deal in 3 years.
The issue was over 4.3 times oversubscribed with the combined book for the two tranches closing at €9.8 billion.
The 2027 notes were priced at 87bp over mid-swaps, the cheapest financing the country received since 2005, while the 2037 notes were priced at 125bp over mid-swaps.
Joint leads: Bank of America Merrill Lynch, Barclays, and Citigroup.
Distribution by Investor Type
10Y
20Y
Fund Managers
51%
32%
Insurance / Pension funds
24%
53%
Banks / Private banks
17% 9%
Governments / Central Banks 7% 3%
Hedge Funds - 2%
Other 1%

14. ELITE – 9 Israeli Companies
Financial Services, Financials
BLender provides multi-continental, and cross-border, marketplace lending service in developing and emerging countries. Founded by a group of physicists and IT professionals with varying backgrounds.
Software & Computer Services, Technology
geekApps is a company that has developed an interactive platform allowing companies to create and manage their own native apps without prior knowledge of computer programming, at an affordable price.
Massivit 3
Massivit 3D is a leading provider of large format 3D printing solutions. Their patented technology enables objects to be 3D printed at remarkable size, speed, versatility and ease.
iCapital
Financial Services, Financials
iCapital develops process automation solutions and decision-making algorithms for the financial industry.
Showbox
Media, Consumer Services
Showbox is the world’s first cloud-based intuitive video creation and production platform, that guides creators, businesses, brands and publishers from idea to high quality video in a matter of minutes.
Tevva Mot
Industrial Transportation, Industrials
Established in London in 2012, Tevva Motors develops and produces electric range extended drivetrains for 7.5 tonne trucks, primarily for the back-to-base urban delivery market.
eToro
Equity Investment Instruments, Financials
eToro is a the world’s leading social trading network. A global market place for people to trade currencies, commodities, indices and CFD stocks online in a simple, transparent in a more enjoyable way.
Software & Computer Services, Technology
Deskforce is a cloud communications company, marketing Omni Channel Communication API empowering businesses to add voice, messaging and social network to any App or CRM.
Leisure Goods, Consumer Goods
Player Maker has developed proven pioneer technology that gives players real time biomechanical analysis and technique corrective feedback.

15. Etoro Case Study $100m equity raising through ELITE Club Deal
140
Countries
$161m
Total Capital Raised 9m
Users
2015
Joined ELITE
CORNERSTONE INVESTOR
Company
ELITE Partner
Series E
FOLLOW ON INVESTORS
2x Large Family Offices
Amount raised: $100m
Closing Date: 21st March 2018
Use of Proceeds: Company expansion – global offices; marketing budget; M&A in selected geographies; and R&D (including development in Blockchain)
Valuation: $700 pre-money (2.7x 2017 revenues)

16. Tom Attenborough
Head of International Business Development
Primary Markets
+44 (0)
Justine Zwerling
Head of Business Development – Israel
Primary Markets
Alex Imseeh
Sales Associate

17. Legal Disclaimer
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To the extent permitted by applicable law, the Exchange expressly disclaims all liability howsoever arising whether in contract, tort (or deceit) or otherwise (including, but not limited to, liability for any negligent act or omissions) to any person in respect of any claims or losses of any nature, arising directly or indirectly from: (i) anything done or the consequences of anything done or omitted to be done wholly or partly in reliance upon the whole or any part of the contents of this document, and (ii) the use of any data or materials in this document.
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© April 2018
London Stock Exchange plc 10 Paternoster Square London EC4M 7LS Telephone +44 (0)