Notice to Members
Notice No. 516
09/29/2006
NYMEX/COMEX Transaction
As most of you know, last week, following extensive negotiations, the COMEX Governors Committee entered into an agreement with NYMEX. The agreement involves the proposed sale to NYMEX of the COMEX members' exclusive electronic trading rights in exchange for NYMEX stock and a package of COMEX member trading rights protections. The agreement is subject to a number of conditions including NYMEX and COMEX member approval.

It is our intention as a Committee to provide you with information regarding the particulars of the agreement and ample opportunity to have your questions answered. The agreement, together with all of its exhibits, is now posted on NYMEX's website and we urge you to review it and/or have advisors of your choosing do so. The agreement is also available on the Securities and Exchange Commission's website at www.sec.gov. In addition, the COMEX Governors Committee will hold a member forum on Monday, October 9, 2006 at 1:45 PM in order to answer your questions. A telephone call-in will be available for those members who are unable to attend in person.

In accordance with applicable law, and in advance of the COMEX member vote, you will receive an S-1 Registration Statement and COMEX member proxy statement which together will describe the terms of the agreement and other important information. After distribution of these materials, and prior to the COMEX member vote, NYMEX and the COMEX Governors Committee will convene a COMEX member forum to discuss the COMEX transaction and answer your questions.

The members of the COMEX Governors Committee believe that prompt passage of the agreement is in the interests of the COMEX members as a whole. We urge your careful review of all of the materials provided and your participation at the member forums. Any of the members of the COMEX Governors Committee, in addition, would be pleased to answer any questions you may have.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com