AGM Statement and Interim Management Statement

12 May 2011

Tullett Prebon plc

AGM Statement and Interim Management Statement

Tullett Prebon plc (the "Company") is today issuing its Interim Management
Statement in relation to the period from 1 January 2011. This statement will be
delivered to those attending the Annual General Meeting today.

Business Update

The world's financial markets remain unsettled and the level of activity in the
markets during the first quarter was at very similar levels to the same period
last year. Activity slowed somewhat during April.

The underlying revenue run rate, adjusting for the closure of the six satellite
offices in North America and at constant exchange rates, was 2% higher in the
first four months of the year than in the comparable period a year ago. Revenue
in the four months to April was £304m, 3% lower than reported for the
equivalent period last year.

On 18 March the Company announced the appointment of John Abularrage as the new
Chief Executive Officer of the Americas region, together with the appointment
of Martin Lynch as Chief Operating Officer for the region. These appointments
increase the regional management capability of the business as the rebuilding
of our activities in the Americas continues. The effective dates for the
appointments are still to be confirmed.

The legal action that the Company had taken in London against BGC, two of BGC's
senior directors and ten former Company brokers, in response to a raid by BGC
in early 2009 on the London business, has been settled. As part of the
settlement it was agreed that no further statement will be made by either side
about the settlement or the dispute.

Legal action continues to be pursued against BGC and former employees in the
United States. Legal action also continues to be pursued against former
employees in Hong Kong and Singapore who have unlawfully terminated their
employment with the Company in order to join BGC.

The Company's financial position remains strong.

Enquiries:

Charlotte Kirkham, M:Communications

[phone]