Singapore, 22 September 2009

Singapore Commodity Exchange Limited ( SICOM) and Sino Rubber Electronic Trading Market Co., Ltd (Sino Rubber) of China today signed a Memorandum of Understanding (MOU) to grow their natural rubber markets.

Mr Wang Yi Xin, Chairman of China Hainan Rubber Industry Group (the parent company of Sino Rubber) and Mr J Y Pillay, Chairman of Singapore Exchange (SICOM’s parent company) witnessed the signing of the MOU to establish the strategic partnership, which includes information sharing and joint development of the settlement process for rubber contracts, subject to relevant regulatory approvals.

Mr Li Ming Quan, Chairman of Sino Rubber Trading Market Co., Ltd said, “China and Singapore has a long standing relationship. With Asia, particularly China, becoming more prominent in the international arena, this collaboration with SICOM will further support our strategic goal of expanding our reach to international players. “

“We are pleased to co-operate with Sino Rubber, the largest professional market for natural rubber trading in China. We look forward to jointly develop and grow our markets for the benefits of our members. This partnership will reinforce SICOM’s status as the exchange which sets the pricing benchmark for physical rubber,” said Mr Jeremy Ang, Chief Executive Officer of SICOM.

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