News Release

Exchange to Change Minimum Price Fluctuation for Some NYMEX ClearPort(sm) Contracts

Fri Jan 14 2005
New York, N.Y., January 14, 2005 — The New York Mercantile Exchange, Inc., announced that it will change the minimum price fluctuation to $0.01 per metric ton from $0.25 per metric ton for 13 European crude oil swap futures contracts listed on NYMEX ClearPortsm effective on January 17, 2005 (for trade date January 18).

The change applies to the following calendar swap futures contracts: European naphtha; European jet kerosene NWE (Northwest Europe); European jet kerosene Rotterdam; European gasoil 0.2 Rotterdam; European gasoil 0.2 NWE (Northwest Europe); European gasoil 0.2 MED (Mediterranean); European ULSD diesel Rotterdam; European ULSD diesel NWE (Northwest Europe); European 1% fuel oil NWE (Northwest Europe); European 1% fuel oil Rotterdam; European 3.5% fuel oil Rotterdam; European 3.5% fuel oil MED (Mediterranean); and European Singapore fuel oil 180cst.

# # #

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.

Corporate Communications

+1 312 930 3434