News Release

NYMEX Holdings, Inc. Announces Spectron as Founding Member in The Green Exchange(TM) Venture

Thu Jun 19 2008

NEW YORK, June 19 /PRNewswire-FirstCall/ -- NYMEX Holdings, Inc. - , the parent company of the New York Mercantile Exchange, Inc., announced that Spectron Services Ltd, a subsidiary of IMAREX ASA - has agreed to work with NYMEX Holdings, Inc. toward building The Green Exchange(TM) venture. NYMEX Holdings holds approximately 15% of IMAREX ASA, parent of Spectron Group.

 

Introduced in December 2007 by NYMEX Holdings, Inc. with Evolution Markets, the current anticipated founding member participants in The Green Exchange are Morgan Stanley, Credit Suisse, Goldman Sachs, JPMorgan, Merrill Lynch, Tudor Investment, Constellation Energy, Vitol, RNK Capital, ICAP, and TFS Energy.

Andrew Stephens, Director and Chief Executive Officer of Spectron Group Ltd., said, "We are delighted to be a founding member of The Green Exchange venture, which we think is a ground-breaking initiative with a great future. Following Spectron's unprecedented growth and recognition in the US over the last two years and its expansion into China, Spectron is now truly a one-stop shop for global OTC environmental products. We look forward to using our global green expertise and presence to make a significant contribution to the project's development."

NYMEX anticipates the establishment of The Green Exchange as a separate futures exchange in 2009, subject to the review and approval of the U.S. Commodity Futures Trading Commission (CFTC). Once established, it is anticipated that the new exchange will offer a comprehensive range of environmental futures, options and swap contracts for markets focused on solutions to climate change, renewable energy and other environmental challenges. At present, all of the emissions and other environmental futures and options contracts designated as associated with NYMEX's The Green Exchange initiative are listed for trading and clearing by NYMEX. The first slate of environmental futures and options contracts were introduced on NYMEX on March 17, 2008.

About NYMEX Holdings, Inc.

NYMEX Holdings, Inc. - is the parent company of the New York Mercantile Exchange, Inc., the world's largest physical commodities exchange, offering futures and options trading in energy and metals contracts and clearing services for more than 440 off-exchange contracts. Through a hybrid model of open outcry floor trading and electronic trading on CME Globex(R) and NYMEX ClearPort(R), NYMEX offers crude oil, petroleum products, natural gas, coal, electricity, gold, silver, copper, aluminum, platinum group metals, emissions, and soft commodities contracts for trading and clearing virtually 24 hours each day. Further information about NYMEX Holdings, Inc. and the New York Mercantile Exchange, Inc. is available on the NYMEX website at http://www.nymex.com .

About The Green Exchange(TM)

The Green Exchange(TM) initiative was introduced by NYMEX Holdings, together with Evolution Markets, Morgan Stanley, Credit Suisse, JPMorgan, Merrill Lynch, Tudor Investment, Constellation Energy, Vitol, RNK Capital, ICAP, and TFS Energy. At present, all of the emissions and other environmental futures and options contracts designated as associated with NYMEX's The Green Exchange(TM) initiative are listed for trading and clearing by NYMEX. NYMEX anticipates the establishment of The Green Exchange(TM) as a separate futures exchange in 2009, subject to the review and approval of the U.S. Commodity Futures Trading Commission (CFTC). Once established, it is anticipated that the new exchange will offer a comprehensive range of environmental futures, options and swap contracts for markets focused on solutions to climate change, renewable energy and other environmental challenges. For further information about NYMEX's The Green Exchange(TM) venture, please visit http://www.greenfutures.com/ or by email at thegreenexchange@nymex.com .

About Spectron

Founded in 1988, Spectron operates one of the largest global marketplaces for energy and environmental products, from its offices in London, Singapore, Frankfurt and across the U.S. Spectron acts as an intermediary broker in a number of wholesale markets, including natural gas, electricity, oil, coal, metals, weather, petroleum products and environmental markets -- more than 150 billion dollars worth of products trade through Spectron annually. Spectron has won numerous awards for customer service and innovation, including the 2008 US Emissions House of the Year (energyrisk), 2007 Broker of the Year (Energy Business) and 2006 Broker of the Year (Point Carbon). Spectron is also a leading specialist provider of other energy market services, including market data, benchmark energy indices, OTC clearing and consultancy. Dedicated to energy & commodities only, Spectron is regulated and authorized by the Financial Services Authority in the UK and Europe. For more information, please visit http://www.spectrongroup.com .

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 Holdings, Inc. - -

CONTACT: Anu Ahluwalia, +1-212-299-2439, or Keil Decker, +1-212-299-2209,
both of NYMEX Holdings, Inc.

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Web site: http://www.nymex.com/

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