News Release

Exchange Announces Margins for Four Additional Freight Futures Contracts

Thu May 19 2005
NEW YORK, N.Y., May 19, 2005 — The New York Mercantile Exchange, Inc., today announced the margin rates for its four new freight futures contracts which begin trading on May 23.

Margins on all months of the Freight Route TC2 futures contract will be $1,200 for clearing members, $1,320 for members, and $1,620 for customers. Margins on all months of the Freight Route TD5 futures contract will be $950 for clearing members, $1,045 for members, and $1,283 for customers. Margins on all months of the Freight Route TD3 futures contract will be $600 for clearing members, $660 for members, and $810 for customers. Margins on the Freight Route TD7 futures contract will be $500 for clearing members, $550 for members, and $675 for customers.

Intra-commodity spread margin rates for the Freight Route TC2 and Freight Route TD5 futures contracts will be $150 for clearing members, $165 for members, and $203 for customers. Intra-commodity spread margin rates for the Freight Route TD3 futures contract will be $100 for clearing members, $110 for members, and $135 for customers. Intra-commodity spread margin rates for the Freight Route TD7 futures contract will be $50 for clearing members, $55 for members, and $68 for customers.



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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.

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