Dedicated to my respected teacher Dr.Ylk-Hoi Au-YeungLet m be a positive integer less than n, and let A, B be nxn complex matrices. The mth Aexterior numerical radius of B is defined as r,"(A, B) = max{ltr C,(AU*BU)I : U € U,), where C,,,(A) is the mth compound matrix of A and Un is the group of nxn unitary matrices. Marcus and Sandy conjectured that a (necessary and) suffcient condition for r,"(A,B) = 0 to imply that the rank of B is less than m is that A is nonscalar and tr C,,,(A) # 0. A counter-example to the conjecture was given in [lo]. In this paper, using geometric arguments, we show that the conjecture is true in the special case when A is of rank m. Then we prove that in order that r,"(A,B) # 0 for each B of rank m it is necessary and sufficient that rank A > m and rank (A-XI) > min{m, n-m) for all complex numbers A. We also find other equivalent conditions one of which is that, for any pair of linear subspaces X, Y of C " with dim X= m and dim Y = n-m, there exists UEU, such that Cn=AU(X)@U(Y). To establish the equivalence of the above conditions, we give a structure theory of the anti-invariance of matrices, which relies on a combinatorial method and the use of gap between subspaces. As by-products, we obtain two interesting results about matchings of a multi-set. The cases when U,, is replaced by GL(n, C) or the underlying field is the set of real numbers are also examined carefully. Some open problems are posed at the end.