Subsidiary Bond Exchange Offer

16 June 2009

Tullett Prebon plc

Tullett Prebon plc subsidiary announces a Bond Exchange Offer

Tullett Prebon plc today announces that its wholly owned subsidiary, Tullett
Prebon Group Holdings plc, is making an offer to invite holders of its
outstanding £150,000,000 8.25 per cent. Step-Up Coupon Subordinated Notes due
2014 to exchange any or all of such securities for Sterling-denominated Fixed
Rate Guaranteed Notes due 2016 issued by Tullett Prebon Group Holdings plc and
guaranteed by TP Holdings Limited, another wholly owned subsidiary of Tullett
Prebon plc.

Enquiries:

Nigel Szembel, Head of Communications, Tullett Prebon plc
Mobile: [phone]