Good News from Sharewatch

Important Notice for all our Clients (Action is Required)

Exciting times at Sharewatch

This notice is important and lets you know about significant changes at Sharewatch. We have entered into an agreement with ODL Securities Ltd to serve our execution needs, leading to lower prices, more markets, better technology and new services. To continue dealing you must read and agree to our new providers terms and conditions which you will find by clicking here.

 

In 2001 Sharewatch launched its Telephone and Online Share Trading Services to its own Irish market. Sharewatch Ltd, unattached to banks or financial institutions, was the first Irish Company to offer a low cost online share trading service and to date has continued to offer better value services. At the time traditional Irish brokers charged fees of 550% more than Sharewatch Ltd and some still continue to do this today. Our lowest charge in 2001 was €30 per online transaction which has subsequently reduced to €19.95. Today we are delighted to announce a brand new agreement which will allow us to reduce costs even further in addition to providing a new multi-market, multi-currency share trading platform.

Looking back we have a lot to thank our Execution partner Direct Sharedeal Ltd for and without their co-operation Irish clients would probably have had to pay far higher fees for many years. Unfortunately both Direct Sharedeal Ltd and Sharewatch have decided to go their separate ways for commercial reasons. We wish them every success for the future.

Sharewatch will always seek to offer better value and today we are delighted to announce a fantastic new agreement with ODL Group Limited whose parent company US-based FXCM Holdings LLC is one the largest brokers in the world, regulated by several of the world’s most respected Financial Authorities, executes 8 million trades per month, holds $600 billion in client funds and has been named in the Inc. 500 list of America's Fastest Growing Private Companies. Client funds are held with some of the strongest international banks, such as HSBC, one of the largest banking and financial services organisations in the world.

While cost of trades are increasing with many other brokers we are delighted announce a new lower cost of just €14.95 per trade. The new trading system will provide access to all major stock markets. Our new partnership will add new Share Services such as Advisory and Discretionary and new products such as FX Trading will also be available. In addition to this Award Winning platform Sharewatch can announce that a new and even better one will be launched in the near future.

We will be discontinuing our service through Direct Sharedeal Ltd from 26th August 2010 and want to give you as much time as possible to consider your options. If you decide to remain with Sharewatch Ltd and avail of the new lower prices and better services through ODL and FXCM there will be no transfer charge just click here to be taken to the page where you instruct the transfer.
Click here to transfer your account and holdings to ODL Securities Ltd

We appreciate there is quite a lot to read with the enclosed formal letters but in summary if you wish to remain with Sharewatch Ltd and avail of the new lower prices you must read and agree to their terms and conditions which you will find by clicking here or by visiting www.sharewatch.com/bettervalue

Thank you for your continued support,
Peter Byrne
Managing Director
Sharewatch Ltd

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FORM OF ELECTION

To be effective, this Form of Election must be completed and returned to Direct Sharedeal Limited as soon as possible but no later than 12 Aug 2010.

Failure to return this duly completed form together with cheque (where appropriate) will result in investors being deemed to have elected Option 1.

To: Direct Sharedeal Limited

I refer to your letter dated 12 Aug 2010 and hereby confirm that I wish to elect the following option. (Please indicate by placing a tick or cross in the appropriate box).

OPTION (CHOOSE ONE OPTION ONLY) Please tick
1. Transfer to ODL GROUP LIMITED to be held in the appropriate ODL GROUP LIMITED Account - (NO CHARGE & DEFAULT OPTION)
(ODL GROUP LIMITED are Sharewatch’s New Partner)
THIS OPTION IS AVAILABLE ONLINE BY CLICKING HERE
Please refer to notes on option 1.
2. Transfer to another stockbroker of my choosing
(COST €30 PER LINE OF STOCK plus POSSIBLE TRANSFER IN CHARGES) Please refer to notes on option 2.
3. Transfer to the main register of the relevant investment
(COST €30 PER LINE OF STOCK) Please refer to notes on option 3.
4. Sell my investments and remit the proceeds to me
(Normal Transaction Fees Apply plus a €30 Admin Fee) Please refer to notes on option 4.

By signing below you agree that you have read and understand the notes overleaf.

Name(s): (IN BLOCK CAPITALS) ____________________________________________________________
Address: ___________________________________________________________________________________
Account No: _____________________

Signature(s) ________________________________________________________________________________
(see notes 1 & 2 below)

Date: ______________________

Notes
1. Where shares are registered in joint names, we require the signatures of all registered shareholders.
2. Where forms are received without the required signatures, where they are incorrectly completed, where we do not receive the required documentation from your new account manager, or where a cheque is not enclosed (where applicable), and if we are unable to obtain all required information, signatures, documentation or payments from you prior to the closing date of Tuesday 11th August 2010 we will require the form to be resubmitted.

Option 1
By choosing Option 1, your signature on this letter will also be an acceptance of the ODL GROUP LIMITED terms and conditions as contained in the documentation enclosed with this letter and confirmation that you have received, read and understood them, and you understand that:
? Any cash held in your account will be transferred with your account investments.
? You will receive confirmation of the transfer of your investment from ODL GROUP LIMITED after completion of the transfer.

Option 2
By choosing Option 2, you confirm that you understand that:
? You will need to have an account opened with the nominated Account Manager/Stockbroker prior to transfer
? Your new account manager may advise the transfer of assets will only be acceptable in cash. This means that you will be uninvested during the period of transfer. Any cash will be transferred as part of the account investments to your new manager.
? Full instructions and completed forms must be received by us from your new account manager by 12th August 2010. Responsibility for ensuring these forms are delivered to us by the required date lies with you, the investor. Where the forms have not been received, you understand and agree that your account investments will be transferred to ODL GROUP LIMITED.
? A transfer cost of 30 Euro per holding will apply to the transfer and you should enclose a cheque made payable to Direct Sharedeal Limited for the relevant amount.
? Your new Account Manager/Stockbroker may also make a charge for the transfer in of your investments.
? There may be tax implications from this Option.

Option 3
By choosing Option 3, you confirm you understand that:
? A transfer cost of 30 Euro per holding will apply and you should enclose a cheque made payable to. Direct Sharedeal Limited for the relevant amount.
? Cut off is by August 12th 2010

Option 4
By choosing Option 4, you confirm you understand that:
? Bank charges incurred will be deducted from your account prior to transfer.
? A withdrawal charge of 30 Euro will apply which will be deducted from the sale proceeds.
? The normal published dealing charge will apply to each sale of your holdings.
? The sale of your holdings will take place on the dealing date following receipt of this form.
? Cut off is by August 12th 2010

*Important – Please note that if we do not receive your election form by 12th August 2010, you will have been deemed to have chosen Option 1 and your account will be transferred to ODL Securities on 26th August 2010