News Release

NYMEX Europe to Offer Additional Russian Crude Oil Seminar

Thu Feb 16 2006

NEW YORK, N.Y. & London, U.K., February 16, 2006 — NYMEX Europe Limited (NEL) announced today that it will host another conference on Russian export blend crude oil (REBCO) in Moscow in April, following the success of the REBCO conference held in London last week.

Kirill Androsov, Russian Deputy Minister of Economic Development and Trade, served as the keynote speaker at the February 10th event. Other speakers included representatives from the Financial Services Authority, BNP Paribas, British Petroleum, Koch Supply & Trading, Deloitte & Touche LLP, and Charles River.

In November 2005, NYMEX Holdings and Expertica announced a joint venture to launch REBCO futures later this year.

NEL Chairman Roy Leighton said, "Reaction from the marketplace suggests that a benchmark REBCO futures contract will bring much needed transparency to the pricing of Russian oil exports. The proposed contract will enjoy the distinction of being traded through NYMEX Europe in London and being fully regulated by the FSA. The NYMEX clearing system will offer market participants market integrity and security in their futures transactions."

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