News Release

NYMEX Strategic Advisor Resigns

Tue Sep 27 2005

New York, N.Y., September 27, 2005 — The New York Mercantile Exchange, Inc., announced today that former NYMEX Chairman Vincent Viola resigned from his position of strategic advisor citing the successful conclusion of the private equity investment process. Mr. Viola served as chairman from 2001 to 2004 and vice chairman from 1993 to 1996.

Exchange Chairman Mitchell Steinhause said, "Vinnie's leadership during a time of unparalled competition and challenges, including September 11, Enron collapse, and the electricity crisis, was nothing short of heroic. With single–minded determination, helped us reach new levels of success."

Exchange Vice Chairman Richard Schaeffer said, "Vinnie's legacy of strong leadership is remembered and admired. His vision helped lead the Exchange into a period of unprecedented growth and prosperity and his advice and counsel was indispensable to the strategic planning committee and myself."

Exchange President James E. Newsome said, "In addition to being an astute businessman, during his tenure as chairman, Vinnie provided an enthusiasm and spirit that propelled the board, membership, and staff to strive for excellence."

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