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25 September 2006
Leading UK capital markets investment firm acquires landmark DIFC license

Leading global capital markets trading firm, Henyep Investment, today became the first UK-based specialist foreign exchange and derivatives trading firm to be granted a license by the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC).

Henyep Investment is authorised and regulated by the UK Financial Services Authority and its new DFSA accreditation marks its commitment to providing a robust and transparent investment platform for its growing client base in the region.

The establishment of its new regional headquarters will allow Henyep Investment to build on its 25 year history in the Middle East, where it has become a market leader. It has built a strong network of both affiliates and clients throughout the region and plans to use the DIFC as a platform to further expand its core retail and institutional capital markets trading business that includes currencies, energy, metals, commodities, international equities and more.

Henyep Investment is a pioneer in bringing innovative derivative contracts to the retail market, including crude oil and natural gas Contract for Difference (CFD) futures contracts, which have traditionally been available only to institutional investors. CFD's are unique as they allow investors to settle in cash, rather than the underlying physical commodity. Henyep Investment also plans to offer foreign exchange and commodity CFD's, which have become extremely popular with retail and institutional investors.

CFDs allow investors to long, short, or hedge exposure to the underlying and provide investors with the flexibility to benefit from all market movements. Henyep will distribute its retail CFDs through affiliates and financial intermediaries.

Louis Chiu, Chairman of the Henyep Group, commented:
"The foreign exchange market has ballooned to US$2 trillion in daily turnover making it the largest capital market in the world. This coupled with huge investor interest in energy and precious metals related products such as crude oil and gold lead to a bright future for the sector in the region".

Assem O. Kabesh, Chief Business Development Officer and Board Member at the DIFC, said:
"The current infrastructure development boom in the Gulf, along with rising oil prices, is driving demand for price risk management of commodities in the region. Clients will benefit from Henyep Investments' trading expertise and international market access".

Henyep Investment continues to view the region as critical to its global growth prospects. It has global operations across three continents and markets its products through 50 affiliates worldwide and its advanced online trading platform.

"The level of service we provide to our affiliates is what sets Henyep Investment apart from its competitors. We understand the unique business requirements of each of our affiliations and actively help drive revenues and profitability. The establishment of our new Middle East headquarters will allow us to provide superior service to our affiliates in the region" said Roger Bach, CEO Henyep Investment.

"The DIFC provides Henyep with a world-class platform from which to operate throughout the Middle East and allows us to build a strong foundation to extend into other group services such as wealth management, corporate advisory and China-related investment opportunities" added Mr. Chiu.

Media enquiries:
Roger Bach
Henyep Investment
Tel: +44 207 489 7070
E: roger.bach@uk.henyep.com

Mark Bennewith
Dubai International Financial Centre
Tel: +9714 362 2450
E: mark.bennewith@difc.ae

Amira Abdulla
Dubai International Financial Centre
Tel: +9714 362 2433
E: amira.abdulla@difc.ae

Notes to Editors:

Henyep Investment

London and Hong Kong based Henyep Investment is a global leader in capital markets trading. With operations across three continents, it markets its core foreign exchange, energy, metals, commodities and equity investment products through its 50+ worldwide affiliates and advanced online trading platform.

Henyep Investment is authorized and regulated by the Financial Services Authority of the United Kingdom and the DFSA within the DIFC in Dubai. It is a division of the Henyep Group, one of Hong Kong oldest and most established financial institutions with businesses in financial services, property, education and charity.

Website:

Henyep Investment www.hyinvestment.com

Henyep Group
The Henyep Group is a leading global conglomerate with 30 years of operational history and business than spans financial services, property, education and charity. It manages over 600 staff worldwide across 3 continents. It serves the key financial centres of Hong Kong, London and Dubai merging the financial integrity of the west with the emerging opportunities of the east.

www.henyep.com

Dubai International Financial Centre
The DIFC is an onshore hub for global finance with world-class regulations and standards. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services. The DIFC offers incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. Companies benefit from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.

The DIFC is made up of the following core bodies:

The DIFC Authority (DIFCA) - Responsible for the Companies and Security Registries and attracting financial and non-financial institutions to the DIFC. ( www.difc.ae )

The Dubai Financial Services Authority (DFSA) - An independent, integrated regulatory authority, responsible for the regulation of financial services within the DIFC. Its principle-based primary legislation is modelled on that used in London and New York and its regulatory regime operates to standards that meet or exceed those in major financial centres. ( www.dfsa.ae )

The Dubai International Financial Exchange (DIFX) - A liquid and transparent electronic market trading securities, bonds and derivatives. The DIFX provides access to regional and international capital and investment opportunities. ( www.difx.ae )

The DIFC Courts - An independent court system that upholds the provisions of DIFC laws and regulations, the courts provide comprehensive legal redress in civil and commercial matters within the DIFC.
( www.difccourts.ae )

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