News Release

Exchange to List Additional Differential to Natural Gas Calendar Spread Options Contracts

Thu Mar 24 2005
NEW YORK, N.Y., March 24, 2005 — The New York Mercantile Exchange, Inc., will list an additional natural gas calendar spread options contract based on December to March differentials beginning Monday.

The options contract will be based on the differential between the closest December natural gas futures contract and the closest March natural gas futures contract. Under the current schedule, the new contracts will represent the spread between the December 2005 and March 2006 natural gas futures contracts.

Exchange President James E. Newsome said, "We are please to increase the variety of price risk management tools with this most recent expansion of contract trading months for natural gas calendar spread options."

# # #

Forward Looking and Cautionary Statements
This press release may contain forward–looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to our future performance, operating results, strategy, and other future events. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, and similar words and terms, in connection with any discussion of future results. Forward–looking statements involve a number of assumptions, risks, and uncertainties, any of which may cause actual results to differ materially from the anticipated, estimated, or projected results referenced in forward–looking statements. In particular, the forward–looking statements of NYMEX Holdings, Inc., and its subsidiaries are subject to the following risks and uncertainties: the success and timing of new futures contracts and products; changes in political, economic, or industry conditions; the unfavorable resolution of material legal proceedings; the impact and timing of technological changes and the adequacy of intellectual property protection; the impact of legislative and regulatory actions, including without limitation, actions by the Commodity Futures Trading Commission; and terrorist activities and international hostilities, which may affect the general economy as well as oil and other commodity markets. We assume no obligation to update or supplement our forward–looking statements.

Corporate Communications

+1 312 930 3434
Email