News Release

Exchange to Launch Emissions Futures Contracts

Tue Jun 14 2005
NEW YORK, N.Y., June 14, 2005 — The New York Mercantile Exchange, Inc., announced today that it will introduce a sulfur dioxide and nitrogen oxide emissions futures contracts on NYMEX ClearPort® beginning on June 19 for the June 20 trading session.

The sulfur dioxide futures contract (RS) will be 100 metric tons and the nitrogen oxide futures contract (RN) will be 10 metric tons in size. Both contracts will be listed for the current year and three years forward, starting with the August 2005 contract. They will be physically-settled through the EPA Allowance Tracking System.

As part of the Exchange's liquidity provider program on NYMEX ClearPort®, any trader who makes a bid or offer that is subsequently accepted will receive $5.00 per contract and the participant on the other side of the trade will pay an all–inclusive fee of $10.00 per contract.

Fees for a transaction submitted solely for clearing on NYMEX ClearPortsm will be $7.50 per side for non-members and $6.50 per contract per side for members.

Exchange President James E. Newsome said, "Launching these products will bring us one step closer to offering our customers the most inclusive and comprehensive set of risk management tools available in the marketplace today."
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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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