London, 3 September 2010

Thursday 2 September 2010 saw record volumes recorded on N2EX’s clearing platform for UK electricity contracts. Total cleared OTR (over-the-counter trade registration) volumes reached 120 GWh, a record for a standard weekday. An additional 5 GWh was transacted on N2EX’s day-ahead auction platform.

A member led liquidity drive has seen volumes increase dramatically in recent months. Membership is also growing rapidly and now stands at 17 full direct members. N2EX intends to broaden its product range in October with the introduction of a clearing service for weekly and EFA month-ahead contracts.

Ends --

Members N2EX: Scottish Power Energy Management Ltd., E.ON Energy Trading SE, RWE Supply & Trading GmbH, Statkraft Markets GmbH, Vitol S.A, Royal Bank of Scotland PLC, EDF Trading Ltd., SSE Energy Supply Ltd., Morgan Stanley Capital Group Inc., Merrill Lynch Commodities Ltd., Deutsche Bank AG, Danske Commodities A/S, Gazprom Marketing & Trading Ltd., First Hydro Company, Accord Energy Limited, IPM Energy Trading Limited and Barclays Bank Plc.