London, 31 January 2011

Comdaq Metals Group, the over-the-counter (OTC) broker and online trading platform for Precious and Platinum Group Metals (PGMs) has continued to deliver improving volumes in the 9 months ended 31 December 2010.

After a difficult period in the industry, Comdaq is performing strongly. It has seen excellent growth in its PGM trading volumes, both online and over its operating benchmark. Overall year-on-year volumes rose by 33%. The dramatic rise in trading activity is being driven by increased demand from industry and improving confidence among traders and investors.

• Rhodium (Rh) volumes increased online by 107% and 19% on the operating benchmark. Rhodium is a metal used in the automotive industry, particularly in auto car catalysts and the chemical industry. The growing importance of CO2 emissions is leading auto manufacturers to develop new efficient engine and catalyst solutions, which in turn need Rhodium.

• Ruthenium (Ru) volumes rose by 22% online and 28% on the operating benchmark. This was driven by improving demand for flat screen televisions and smart phones which use Ru in plasma screens and mobile phone screens.

• Trading volumes for Iridium (Ir), a metal best known for its use in deep tissue cancer treatments, increased by 280% online and 84% on the operating benchmark. This growth was driven by increasing demand from the medical and electronics industry.

• Volumes for Platinum (Pt) Sponge and Palladium (Pd) Sponge also improved as demand from industrial users increased. Volumes rose online by 36% and 11% respectively.

The Comdaq Group extended into OTC broking of options in Singapore in Mid 2009. This new operation continues to perform well focusing on Pt, Pd and is now extending further into silver (Ag). More products are planned.

Neil Grover, Director of Comdaq Metals and Head of Precious and Platinum Group Metals said: “ I am very pleased with the increased trading volumes that we at Comdaq have achieved in 2010. Overall profitability of the Group for the first nine months was up 10% year on year. This reflects the improving confidence among industrial users, who are re-stocking after a difficult couple of years. In addition, there is increased demand from traders and hedgers who are more active in the markets we cover. We have also seen new entrants and our list of trading partners continues to grow.”

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