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New IPE Board Directors Announced

Date 06/12/2001

The IPE, Europe's leading energy futures and options exchange, at its Annual General Meeting today, announced a number of appointments to its Board.

Two of the Directors retiring by rotation were re-appointed, namely Robert Cole, who is also a Director of Trafalgar Commodities Ltd and Goran Trapp, also a Director of Morgan Stanley & Co International Ltd.

Two new Directors were appointed: Andrew Buttars, Director of Man Financial Ltd and Mark Fox-Andrews, Managing Director of ADM Investor Services International Ltd. Mary Bergonia of Man International Inc and John Evans of ADM Investor Services International Ltd have both retired from office with the IPE.

Sir Bob Reid, Chairman, said, "I am delighted to welcome the new Directors to the Board of IPE and look forward to working with them and benefiting from their experience of the energy markets. I am also pleased that Rob Cole and Goran Trapp have been re-appointed to the Board and will continue to make valuable contributions to the development of the IPE. Additionally, I would like to thank the outgoing Directors for their dedicated work over the years".