News Release

Exchange Files Application with Financial Services Authority in London

Thu Apr 07 2005
NEW YORK, N.Y., April 7, 2005 — NYMEX Europe Limited yesterday filed an application with the Financial Services Authority to become a U.K. recognized investment exchange based in London.

NYMEX began open outcry trading of Brent crude oil futures in Europe in November 2004 and hopes to commence open outcry trading in London as soon as regulatory approval is received.

Exchange Chairman Mitchell Steinhause said, "We are very excited about this new chapter in the NYMEX story. Our relationship with the FSA has been very positive and productive, and we look forward to continuing to work with them as NYMEX Europe becomes a player in the London financial arena."

Samuel Gaer, chief executive officer of NYMEX Europe, said, "NYMEX is pleased to provide open outcry trading in Dublin both for the price transparency it offers our customers and for the London-based traders and support staff who will now be able continue their livelihoods on the trading floor."


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 (including NYMEX Europe Limited) 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 other regulators such as the Financial Services Authority; 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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