CMC Markets : Q1 Interim Management Statement

27 July 2017

CMC Markets Plc

Interim Management Statement

CMC Markets Plc (LSE:CMCX, 'CMC' or 'the Group'), a leading global provider of online trading, today issues its Interim Management Statement for the Q1 2018 period, from 1 April to 30 June 2017.

Revenues have increased during Q1 2018 compared to the same period in 2017 to be in-line with the more normalised conditions seen during H2 2017. CMC retains its focus on cost discipline, and operating costs are broadly unchanged compared to the same period year-on-year, as well as a cautious approach to the use of capital.

Active CFD / Spreadbet client numbers have reduced by 1% versus Q1 2017 due to changes in marketing and the Group's continued focus on premium clients. The number of premium clients has increased by 10% during the same period and now accounts for approximately 10% of CMC's overall client base and approximately 75% of revenues. Overall revenue per client for the Group increased by 9% compared to the same period last year.

Delivery of the partnership with ANZ remains in-line with the projected timetable, and all key milestones to date have been met. As previously guided, the partnership is expected to bring over 250,000 additional active stockbroking clients to CMC's existing c.50,000 active stockbroking client base in Australia.

The Group continues to monitor changes to the regulatory landscape and will fully implement changes proposed by Germany's BaFin by the 10 August deadline. Although there has not yet been a conclusion to the FCA's consultation in the UK, the Group has not experienced any change in client behaviour as a result of the consultation and therefore sees no impact until any changes proposed are to be implemented by ESMA.

CMC is confident that the strength of the platform, its people and its client proposition which focuses on premium clients means the Group will perform well and gain market share over the medium to long term in a more regulated environment.

Forward looking statements

This trading update may include statements that are forward looking in nature. Forward looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the actual results, performance or achievements of the Group to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Except as required by the Listing Rules and applicable law, the Group undertakes no obligation to update, revise or change any forward looking statements to reflect events or developments occurring after the date such statements are published.

Enquiries

CMC Markets Plc [phone]

Grant Foley, Chief Operating and Financial Officer

Charlie Steel, Global Head of Corporate Development

Camarco [phone]

Geoffrey Pelham-Lane

Ed Gascoigne-Pees

Jennifer Renwick

Notes to Editors

CMC Markets plc ('CMC'), whose shares are listed on the London Stock Exchange under the ticker CMCX, was established in 1989 and is now one of the world's leading online financial trading businesses. The company serves retail and institutional clients through regulated offices and branches in 15 countries, with a significant presence in the UK, Australia, Germany and Singapore. CMC Markets offers an award-winning, online and mobile trading platform, enabling clients to trade up to 10,000 financial instruments across shares, indices, foreign currencies, commodities and treasuries through contracts for difference ('CFDs'), financial spread bets (in the UK and Ireland only) and, in Australia, access stockbroking services. More information is available at http://www.cmcmarkets.com/group/