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2004

Apex Continental Bank PLC - 30 November 2004

Public Statement - Apex Continental Bank PLC

This statement is made in order to warn investors and others against dealing with unauthorised financial services providers.

Apex Continental Bank PLC
Apex Continental
Apex Continental PLC.COM
Apex Continental Finance PLC
Apex Continental Bank PLC
Apex PLC
Apex Continental Bank PLC & Trust Corporation
Apex Continental Bank PLC and Securities
Apex Continental Bank PLC Finance and Securities
Apex Continental Bank, Inc

(collectively, the “APEX Entities”)

www.acbplc.com

The APEX Entities have not received authorisation to conduct investment, deposit-taking or collective investment fund business within the meaning of the laws stated below.

The Jersey Financial Services Commission (the “Commission”) has issued this public statement under Article 22 of the Financial Services (Jersey) Law 1998, as amended (the “Financial Services Law”), Article 45B of the Banking Business (Jersey) Law 1991,
as amended (the “Banking Business Law”) and Article 14A of the Collective Investment Funds (Jersey) Law 1988, as amended
(the “Collective Investment Funds Law”).

The Commission wishes it to be known that:

1. The APEX Entities have never been registered, or applied for registration, under the Financial Services Law.
   Therefore any financial service business, as defined in Article 2 of the Financial Services Law and carried out by the
   Apex Entities since 1 July 1999, is a breach of Article 6 of the Financial Services Law;

2. The APEX Entities have never been registered, or applied for registration, under the Banking Business Law.    Therefore any deposit-taking business, as defined in Article 3 of the Banking Business Law and carried out by the    Apex Entities since 1 October 1991, is a breach of Article 7 of the Banking Business Law;

3. The APEX Entities have never been registered, or applied for a license, under the Collective Investment Funds Law.    Therefore any collective investment fund business, as defined in Articles 2 and 3 of the Collective Investment Funds    Law and carried out by the Apex Entities since 1 June 1989, is a breach of Article 4 of the Collective Investment    Funds Law;

4. The Apex Entities are not connected in any way to Apex Trust Company Limited and its participating members.
   Apex Trust Company Limited is a Jersey incorporated trust and company services provider which, together with its    participating members, is authorised by the Commission to conduct regulated activities; and

5. The Commission has established that no genuine links exist between the APEX Entities and the Island of Jersey.

All regulated businesses in Jersey are listed on the Commission's website at www.jerseyfsc.org.

Any person who has had dealings with the APEX Entities is requested to contact the Commission.

Gary Godel
Director Enforcement
Jersey Financial Services Commission

Nelson House
David Place
St. Helier
Jersey
JE4 8TP

30 November 2004

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