Schwab Eliminates Account Service and Order Handling Fees

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Safecharge International Group Limited	LSE:SCH	London	Ordinary Share	GG00BYMK4250	ORD USD0.0001

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Safecharge (LSE:SCH)
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SAN FRANCISCO, Sept. 15 /PRNewswire-FirstCall/ -- Charles Schwab & Co., Inc. today announced it is eliminating account service fees on all U.S. individual brokerage accounts effective October 1. The action impacts about 650,000 accounts with less than $25,000 (1). Also in October, Schwab is eliminating its $3.00 order handling fee on equity trades. The elimination of account service and order handling fees furthers a commitment to value and simplified pricing that Schwab launched in May 2004, and is the seventh price cut for clients since that time. "This change opens the door for smaller investors and others who are interested in testing the waters with Schwab, expanding the range of clients who can now take advantage of the great investment services available here," said Charles R. Schwab, founder, chairman and CEO. "In mid-2004, we committed to eliminating price as a reason to go elsewhere, and thanks to improved efficiencies and streamlining, we can now profitably serve a much broader range of investors. These fee eliminations are also strategically important investments in our future: approximately 28% of current Independent Investing Signature clients, 40% of Active Trader clients, and 29% of Advised Investing clients started with less than $25,000 at Schwab." Value, Performance and Service Schwab further commented: "With our financial turnaround completed, we are shifting our attention to Schwab's second act, where our primary focus will be driving profitable growth through deeper relationships that improve our clients' experience and investment results. "Over the last 16 months, we took a number of steps to build on our heritage as a company that provides incredible value," Schwab said. "Elimination of account service and order handling fees follows six rounds of reductions in fees and in online equity and option trading commissions since May 2004 that cumulatively represent an annualized investment in our clients of more than $375 million." "On the performance front, across the board, we believe the advice we provide to our clients is institutional quality. Schwab Equity Ratings(R) continue to provide investors with a reliable, balanced and successful alternative to traditional Wall Street research," Schwab added, noting that since their inception in May 2002, Schwab Equity Ratings' buy recommendations have doubled the market's return (relative to the S&P 500 index) (2). "Additionally, all eight of the Schwab Funds equity funds* based on the ratings have beaten their benchmark and category averages since launching or converting to a strategy utilizing Schwab Equity Ratings. Our portfolio advice is based on the same sound principles of asset allocation and diversification applied by foundations and institutional investors, and we are delighted with the risk and return performance we are seeing with clients who enroll in our advised services." Schwab also noted: "In January, we began providing more affluent clients with a dedicated financial consultant who can serve as a 'go-to' person on a wide variety of questions or investing needs." Depending on their location, clients are paired with a financial consultant in one of Schwab's 290 branch offices or one of its three telephone service centers. In a recent survey of clients following a conversation with a Schwab financial consultant, 50% of clients said they planned to increase their business with Schwab. "We have also restored domestic 24x7 and holiday telephone service, upgraded our automated phone service with state-of-the-art natural language technology, and made a variety of enhancements to our website, Schwab.com, that make it easier to do business with us," Schwab said, adding that the company also has trained 1,400 employees across its branch network to become dual employees of both Charles Schwab & Co., Inc., and Charles Schwab Bank, to better help clients access the growing range of credit and cash management services from the bank. "All of these advances are made possible by the tremendous drive and commitment of Schwab's employees," Schwab said. "Their dedication and enthusiasm are truly inspiring as we work together to create a client experience that is second to none." * Past performance is no guarantee of future results. Investment value will fluctuate, and shares, when redeemed, may be worth more or less than original cost. Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling Schwab at 1-800-435-4000. Please read the prospectus carefully before investing. About Charles Schwab The Charles Schwab Corporation (NYSE / Nasdaq: SCH), through its operating subsidiaries, provides securities brokerage and financial services to individual investors and the independent investment advisors who work with them. With over 7 million accounts and more than $1.1 trillion in client assets, The Charles Schwab Corporation is one of the nation's largest financial services firms. Its subsidiary Charles Schwab & Co., Inc. (member SIPC) provides a complete range of investment services and products, including an extensive selection of mutual funds; financial planning and investment advice; retirement plans; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent fee-based investment advisors. Its subsidiary Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. The corporation's other operating subsidiaries include U.S. Trust Corporation (member FDIC) and CyberTrader(R), Inc. (member SIPC). These companies' Web sites can be reached at http://www.schwab.com/, http://www.schwabbank.com/, http://www.ustrust.com/, and http://www.cybertrader.com/. About Schwab Equity Ratings Schwab Equity Ratings offer an objective and disciplined assessment of approximately 3,000 U.S. head-quartered stocks, more than any other major brokerage firm. Stocks are assigned grades of A, B, C, D, or F, reflecting performance potential over the next 12 months. Schwab's outlook is that "A"-rated stocks, on average, will strongly outperform, and "F"-rated stocks, on average, will strongly underperform. The ratings reflect each stock's evaluation across four broad categories: fundamentals, valuation, momentum, and risk. They are updated each week to reflect new financial data and other information. For more information on Schwab Equity Ratings, including performance details, how performance was calculated, comparison of performance to benchmarks and limitations of model performance, visit http://www.schwab.com/serperformance. About Charles Schwab Investment Management Founded in 1991, Charles Schwab Investment Management, Inc. (CSIM), an affiliate of Charles Schwab & Co., Inc., is one of the nation's largest mutual fund companies with $140 billion under management as of August 31, 2005. It is among the country's largest money market fund managers and is the third-largest provider of retail index funds. In addition to managing Schwab proprietary funds, CSIM provides oversight for the institutional-style, sub-advised Laudus Fund family. CSIM currently manages 67 mutual funds including 23 actively managed funds. About Charles Schwab Bank Headquartered in Reno, Nevada, Charles Schwab Bank, N.A. (Member FDIC and Equal Housing Lender) provides checking, savings, money market and CD accounts, home mortgages, HELOCs, Pledged Asset Mortgages, credit cards, and more. Deposits are FDIC-insured. Clients can learn more about bank products and services, including the Schwab Bank Visa credit card and Schwab Bank Investor Checking, by phone, mail or schwab.com. Charles Schwab Bank, N.A. and Charles Schwab & Co., Inc., are affiliates of one another and are both subsidiaries of The Charles Schwab Corporation. Investment Products: Not FDIC Insured | No Bank Guarantee | May Lose Value (1) Account service fees are periodic fees of $120 to $180 a year automatically charged to accounts that fail to meet asset, trading or other published thresholds. Other fees, such as transfer of account fees, may apply. Accounts that are exempt from account service fees will be subject to a minimum balance charge of $30 per quarter for brokerage accounts or $50 per year for retirement accounts if, after receipt of notice and a notice period, their assets remain below account opening minimums of $2,500 for brokerage accounts or $2,000 for IRAs. The minimum balance charge is waived for households with balances of at least $10,000 or with at least eight equity and/or option trades in the preceding 12 months. Excludes QRP, CRA, Individual 401(k), 403(b)(7), SIMPLE IRA -- plan level accounts, and all accounts held by clients who reside outside the U.S., its territories or possessions. (2) Performance data based on all complete 12-month periods through 5/6/02 - 7/5/05 for all A- and B-rated stocks. Please refer to http://www.schwab.com/serperformance for more information about limitations of model performance and how performance is calculated, as well as other important disclosures. The worst period for the A-rated stocks was May 6, 2002 - May 5, 2003 and had a negative return of 5.93%. The S&P 500 Index returned a negative 10.4% in that same period. The worst period for the B-rated stocks was May 20, 2002 - May 19, 2003 and had a negative return of 6.08%. The S&P 500 Index return was negative 14.1% in that period. Indices are unmanaged, do not incur management fees and expenses, and cannot be invested in directly. Stocks can be volatile and entail risk and individual stocks may not be suitable for an investor. DATASOURCE: Charles Schwab CONTACT: Media, Glen Mathison, +1-415-636-5448, or , or Sarah Bulgatz, +1-415-636-5940, or , or Investors/Analysts, Richard Fowler, +1-415-636-9869, or , all of Charles Schwab Web site: http://www.schwab.com/serperformance Web site: http://www.schwab.com/

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SCH Safecharge International Group Limited