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NYBOT Issues Statement On Possible Merger With NYMEX

Date 10/02/2004

The New York Board of Trade® (NYBOT®) released the following statement today from its President and CEO, Charles H. "Harry" Falk, concerning rumors of NYBOT merging with the New York Mercantile Exchange (NYMEX):

"There have been no discussions between NYBOT and the New York Mercantile Exchange concerning a possible merger of the two exchanges. We are in favor of anything that would enhance NYBOT, our members, and our customers, however, no merger proposals have been made by either exchange."

The New York Board of Trade (NYBOT) is the parent company of the Coffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges, NYBOT offers an expanding range of agricultural and financial products. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.