News Release

NYMEX, COMEX Become First Futures Exchanges Approved by Dubai Financial Services Authority

Tue Apr 18 2006

New York, N.Y., April 18, 2006 — The New York Mercantile Exchange, Inc., today (NYMEX) announced today that NYMEX and its subsidiary, Commodity Exchange Inc. (COMEX), have been approved as Recognised Bodies by the Dubai Financial Services Authority (DFSA).

The DFSA's landmark decision means that for the first time traders based in the Dubai International Financial Centre (DIFC) will be able to directly trade products on the NYMEX and COMEX exchanges. The development is part of the Exchange's international strategy to expand their customer base by extending access to additional jurisdictions.

NYMEX President and Chief Executive Office James E. Newsome said, "We are honored to be the first futures exchanges to receive approval from the DFSA, which is a world–class regulatory authority.

"Enabling traders within the Dubai International Financial Centre to trade on our exchanges will not only extend our global reach but also reinforces Dubai's position as the world's newest financial centre, serving a vast area from Western Europe to East Asia."

Customers based within the DIFC will also be able to trade on the planned Dubai Mercantile Exchange (DME), a joint venture between NYMEX and Tatweer Dubai LLC, a member of Dubai Holding. The DME plans to list a Middle East sour crude oil futures contract during the fourth quarter of 2006. All trades executed on the DME will be cleared through, and guaranteed by, the NYMEX AA+ rated clearinghouse.

To that end, NYMEX also announced today that it will apply to the DFSA for recognition as a clearing house at the same time as the DME applies for Authorised Market Institution status.

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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.

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The Dubai Mercantile Exchange Limited's (DME) establishment of an exchange inside the Dubai International Finance Centre (DIFC) is subject to regulatory approval from the Dubai Financial Services Authority (DFSA) to be licensed as an Authorised Market Institution to operate as an exchange. Furthermore, all clearing and settlement services to be provided by the New York Mercantile Exchange (NYMEX) to DME are subject to the NYMEX becoming recognised by the DFSA to operate a remote clearing house in the DIFC and subject to the review and / or approval of the Commodity Futures Trading Commission.

Contact: Anu Ahluwalia, 212-299-2439

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