The Charles Schwab Corporation Reports Monthly Activity Highlights, Net New Assets Total $10.3 Billion

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

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

Safecharge (LSE:SCH)
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SAN FRANCISCO, Sept. 15 /PRNewswire-FirstCall/ -- The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of August 2005 include: -- Net new assets brought to the Company by new and current clients in August 2005 totaled $10.3 billion, including inflows of $3.0 billion at U.S. Trust relating to Special Fiduciary business clients. -- Total client assets were $1.150 trillion as of month-end August, up 17% from August 2004 and up 1% from July 2005. In comparison, the Schwab 1000 Index(R) was up 12% from August 2004 and down 1% from July 2005. -- Client daily average trades, which include daily average revenue trades (DART), Schwab Institutional(R) asset-based trades and Schwab Private Client(TM) asset-based trades, were 215.3 thousand in August 2005, up 61% from August 2004 and up 1% from July 2005. CFO Christopher Dodds commented, "Our client fundamentals remain very encouraging -- August marked our third consecutive month of net new assets in excess of $6 billion, daily average trades for the first two months of the traditionally slower summer quarter were up 9% from the second quarter, and client trading activity thus far in September has been slightly higher than August levels. Given these results and our continuing focus on expense discipline, we believe the Company's third quarter earnings will be 5-10% higher than our second quarter results, which would represent the second highest quarterly earnings in Schwab's history." "In light of this financial strength and our confidence in our strategy, we've decided to pursue two growth investments to enhance the Company's business momentum -- the elimination of account service and order handling fees, which we announced today, and a new national advertising campaign," Mr. Dodds added. "The campaign rollout follows successful testing in three pilot markets over the past five months. We estimate that these investments will reduce fourth quarter earnings by approximately $40 million pre-tax, or $0.02 in earnings per share." This press release contains forward looking statements that reflect management's current expectations. These statements relate to third quarter 2005 earnings, as well as the impact of certain investments on fourth quarter earnings. Achievement of these expectations is subject to risks and uncertainties that could cause actual results to differ materially from the expressed expectations. Important factors that may cause such differences include, but are not limited to, a significant downturn in the securities markets, trading volumes and investor confidence over a short period of time; material systems interruptions, errors or downtime; a significant discrepancy between estimated and actual revenues associated with the Company's account service and order handling fees; and material changes in the extent and/or duration of the Company's planned advertising campaign. 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 individual investor accounts and more than $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/. DATASOURCE: Charles Schwab CONTACT: media, Glen Mathison, +1-415-636-5448, or Investors/Analysts, Rich Fowler, +1-415-636-9869, both of Charles Schwab Web site: http://www.schwab.com/

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SCH Safecharge International Group Limited