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May 17, 2010

Eurex Clearing

Fee Waiver Annual Fee for Phelix® Power Derivatives

Since November 2009, the European Energy Exchange AG (EEX) and Eurex have extended their cooperation in the EEX listed cash settled power futures and options (Phelix® products). The cooperation products consist of Phelix® Baseload Futures and Options and Phelix® Peakload Futures, as well as Phelix® Week Futures.

The clearing houses of both exchanges, i.e. the European Commodity Exchange AG (ECC) and Eurex Clearing AG cooperate in order to offer clearing of trades in the most efficient and flexible manner.

Eurex will waive the EEX annual fee of EUR 12,500 for all Eurex members that will trade Phelix® products through their respective Eurex infrastructure for the years 2010 and 2011.