News Release

Exchange Announces Abbreviated Trading Hours in Dublin during U.S. Holiday Weekend

Fri Jan 14 2005
New York, N.Y., January 14, 2005 — The New York Mercantile Exchange, Inc., announced it will close its Dublin trading facility at 1 PM New York time (6 PM Dublin time) on Friday, January 14, and Monday, January 17, 2005.

The light, sweet crude oil/Brent crude oil futures spread will be available for trading in Dublin on both of these days. Because Monday is not a regular business day in New York, the Exchange will use the settlement prices for light, sweet crude oil from Friday, January 14, 2005.

In addition, as January 14 is the expiration day for the February contract month of the cash-settled Brent crude oil contract, the Exchange will provide a final settlement price for this contract month on its website on January 17.

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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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