London, 21 March 2011

Indonesia Commodity and Derivatives Exchange or ICDX will commence trading on two new Gold contracts on 11 April 2011, the two contracts are GOLDUD and GOLDID. Megain Widjaja, Chief Executive Officer, said that “our emphasis is that GOLDUD and GOLDID is an exchange traded product [multilateral] and not OTC [bilateral] which in an open access marketplace offers more competitive bid-ask quotes and investors will have security of trading with our clearing house as counterparty.”

The GOLDUD is a rolling gold contract and is priced as a spot contract and open positions at the end of each trading day are automatically “rolled forward” to the next trading day. The GOLDUD contract is quoted in United States Dollars and all settlements are in USD.

The GOLDID is similarly a spot gold contract quoted in USD but the distinct and unique feature of this contract compared to GOLDUD contract above is that the currency is pegged and all settlements are in rupiah, thus catering to investors who do not wish to have a currency exposure.

All open positions are margined and marked-to-market daily. A position is closed or offset by simply entering an opposite position. Trading hours of these two contracts are from 7.00am to 4:30am (Jakarta time), enabling investors to gain exposure to the international spot gold price without having to handle any physical delivery of gold nor payment of the full contract value of the product.

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