London, 27 May 2010

Current Climex shareholders TenneT and Rabobank have reached an agreement that TenneT’s shares in Climex may be moved to gas and power exchange APX-ENDEX and APX-ENDEX becoming a shareholder in Climex. APX-ENDEX, presently already providing clearing services to Climex’ spot market, is investigating this option as it considers this an important step in realising its carbon ambitions.

If agreement can be reached APX-ENDEX intends to bundle all its green activities and products in Climex. The other shareholder of Climex, Rabobank, would continue its shareholding in Climex. Final decision making is expected to take place in the coming weeks.

Climex would continue as a separate entity, but in close cooperation with APX-ENDEX, tapping into economies of scale, overlaps in markets, clients and members and seize other opportunities in the market. The intensified relationship between APX-ENDEX and Climex would lead to many advantages to members and potential members. APX-ENDEX power and gas members would get easier access to trading on Climex and vice versa, a streamlined application process, central clearing and settlement facilities and more shareholder push and focus.

European Energy Auction, a 100% daughter of Climex, would be part of the acquisition. APX-ENDEX sees this as an opportunity to broaden its markets to serve industrial as well as governmental organisations that are the client base of European Energy Auction.

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