LONDON, September 14 /PRNewswire/ --

- SPA's MarketGrader ETFs Bring New Wave of Investment Tool to the UK
Investor

SPA ETF Plc (Spa), a specialist provider of Exchange Traded Funds (ETFs),
today listed its initial US equities-focused ETFs on the London Stock
Exchange (LSE), becoming the first provider of enhanced ETFs on the Exchange.
Spa's ETFs are based on the fundamentally driven indices created by US
research company MarketGrader's proven quant-based system. These next
generation ETFs will offer retail and institutional investors access to a new
type of investment vehicle that has been shown to regularly outperform major
US market indices and the majority of active fund managers.

The new MarketGrader ETFs include MarketGrader 40, 100 and 200, three
ETFs based on a basket of top-rated North American securities. Another three
are due to be launched in the beginning of October. These will be the
MarketGrader Large Cap, Mid Cap and Small Cap funds based on the top 100
North American stocks within each market capitalisation category.

Daniel Freedman, director, SPA ETF Plc, comments: "Today SPA launched its
first enhanced ETFs to the investment community. Today's listing of SPA's
MarketGrader ETFs on the London Stock Exchange will, for the first time,
provide investors on the LSE with access to next generation Exchange Traded
Funds - and access to the consistently higher returns that these products
have shown to be able to deliver."

Freedman continues: "Since the MarketGrader 40 index went live in 2003 it
has achieved a return of 67.75%, compared to the S&P 500, which has returned
29.63% (to 7th September 2007). We look forward to maintaining such positive
returns and see added investor benefit by providing investors with our a la
carte menu of Spa MarketGrader ETFs."

David Shrimpton, head of product management and development, London Stock
Exchange, says: "This series of ETFs from SPA ETF Plc marks a significant
development in the UK ETF marketplace, presenting the growing number of
investors interested in using ETFs with a new opportunity to outperform the
predominantly market capitalisation-based indices while still retaining the
low cost diversification of a tracker. SPA's new series of ETFs demonstrates
the choice and innovation that has been unleashed by the removal of the old
stamp duty tax barrier to ETF issuers."

The MarketGrader indices are unique because of the sophisticated
methodology of weighting and evaluating the stocks. Unlike standard indices,
which evaluate stocks based on fixed parameters, MarketGrader uses 24
quantitative filters within four main areas (growth, value, profitability and
cash flow) to carry out a fundamental evaluation of more than 5,600 North
American stocks. Each MarketGrader index also periodically adjusts its
holdings to ensure an equal weighting for, and an optimal grading of, all
stocks. This advanced process helps to avoid the pricing anomalies that arise
out of traditional market-cap weighted indices.

All MarketGrader indices go through a significant period of back-testing
(at least 3.5 years) before their launch as ETFs. Similarly, the
Alpha-generation capabilities of each must be demonstrated prior to market
launch.

About SPA ETF Plc

SPA ETF Plc, headquartered in London, is an innovative, independent
specialist provider of Exchange Traded Funds (ETFs) established to offer
global private and institutional investors access to ETFs tracking
fundamental US focused indices.

SPA's ETFs will track the performance of stock indices created by the
research provider MarketGrader's quant-based methodology. It uses 24
quantitative filters within four main areas (growth, value, profitability and
cash flow) to carry out a fundamental evaluation of more than 5,600 North
American stocks. Each index periodically adjusts its holdings to ensure an
equal weighting for all stocks and to ensure holdings are of optimal grade.

SPA ETF Plc is supported by London & Capital, an independent firm of
investment advisors and fund managers, with services including investment
expertise, research, quantitative analysis and regulatory authorisations.
London & Capital has USD3.0 billion assets under management. Additional
information is available at http://www.spa-etf.com.

About the London Stock Exchange

The London Stock Exchange is the world's premier international equity
exchange and a leading provider of services that facilitate the raising of
capital and the trading of shares.

The London Stock Exchange is the most international equities exchange in
the world and Europe's largest pool of liquidity. By the end of 2006, the
market capitalisation of UK and international companies on the London Stock
Exchange's markets amounted to GBP4.4 trillion, with GBP6.7 trillion of
equity business transacted over the year.

The London Stock Exchange is a Recognised Investment Exchange (RIE) under
the Financial Services and Markets Act 2000 and is supervised by the
Financial Services Authority. Additional information is available at
http://www.londonstockexchange.com.

Press enquiries to:

    Renske Law/Julia Royle/Louisa Excell
    Cre8 Results Limited
    spaetf@cre8results.com
    Tel: +44-(0)20-7734-9199