FLOOR BROKER
(ONE three-year term)

Robert Coakley (SWIM)
William Schaefer (IRON)
William Wallace (WALZ)

LOCAL
(ONE three-year term)

David Greenberg (DGRE)
Michael McCallion (MMC)

FUTURES COMMISSION MERCHANT
(ONE three-year term)

Stephen Ardizzone (ZONE)
John McNamara (JLMC)

TRADE
(ONE three-year term)

Michael Cardelfe (MFC)
Jesse Harte (JESE)

AT LARGE
(ONE three-year term)

Daniel Dicker (DANO)
Scott Hess (HESS)

PUBLIC
(TWO three-year terms)

John Conheeney
E. Bulkeley Griswold
Lawrence Silver

EQUITY HOLDER
(ONE three-year term)

Steven Crystal
Joel Faber
Steven Meierfeld
James Mindling
John Moore
Irving Redel
Robert Sahn

On January 24, 2003, the Subcommittee will convene to make its determination as to the eligibility of the proposed nominees to run in the category for which he was

proposed or otherwise. Such determination will be immediately posted. Should the Subcommittee determine that a proposed candidate is ineligible to run in the category for which he was recommended, written notice thereof shall immediately be submitted to that person. To assist the Subcommittee, NYMEX members may submit information regarding the eligibility of a proposed nominee to the Subcommittee. All such submissions must be received by 5:00 p.m. on January 31, 2003 at the Office of the Corporate Secretary. In addition, a proposed nominee may appeal the Subcommittee's categorization. Such appeal must be made by 5:00 p.m. on February 4, 2003. The Subcommittee will consider the appeal and make a final ruling no later than February 7, 2003. At that time, the Subcommittee will assign the proposed nominees to the proper categories, regardless of the category for which the proposed nominee was originally recommended.

TO BE OFFICIALLY NOMINATED, EACH PROPOSED NOMINEE WILL BE REQUIRED TO FILE WITH THE OFFICE OF THE CORPORATE SECRETARY A DECLARATION WHICH STATES THAT CATEGORY IN WHICH THE PERSON INTENDS TO STAND FOR ELECTION. FAILURE TO SUBMIT A DECLARATION TO THE OFFICE OF THE CORPORATE SECRETARY BY 5:00 P.M. ON THURSDAY, FEBRUARY 13, 2003 WILL RENDER THE PROPOSED NOMINEE INELIGIBLE TO RUN IN ANY CATEGORY.

Note, only those persons who were proposed by January 24, 2003 will be permitted to be officially nominated.

Ballots will be mailed on or about February 25, 2003.

The election will be held on Tuesday, March 18, 2003.