News Release

NYMEX Europe to Introduce Reduced-Sized Brent Crude Oil Futures Contract

Fri Feb 03 2006

NEW YORK, N.Y. & London, U.K., February 3, 2006 —-- NYMEX Europe Limited (NEL) will launch the NYMEX Europe miNY Brent crude oil futures contract on NYMEX ClearPort® beginning on Monday, February 6, at 12:00 AM GMT.

The contract will be financially settled based on the settlement prices of the underlying NYMEX Europe Brent crude oil futures contract, with the last trading date and final settlement one business day prior to the termination date of the underlying Brent crude oil futures contract.

The contract will be offered for trading for three consecutive months. It will be one-half the size of the floor traded contracts, or 500 barrels. The tick size will be $0.025 or $12.50 per contract. The trading symbol is QB, and fees will be $0.30 per contract half turn.

The first contract month listed for trading will be the March 2006 futures contract, and the second and third contract months offered will be April 2006 and May 2006. The third nearby contract month will be listed for trading on the business day following the expiration of the first contract month. Accordingly, once the March 2006 contract expires on February 10, the June 2006 contract will be listed for trading on the following business day.

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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. NYMEX Europe Limited's establishment of an open outcry exchange in London is subject to it first obtaining an order from the Financial Services Authority declaring it a UK Recognised Investment Exchange.

Contact: Anu Ahluwalia, 212299-2439

Corporate Communications

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