Nymex Announces Update On Scotia Mocatta Depository Corp. And Changes To Metals Delivery Rules

The New York Mercantile Exchange, Inc., today announced that it has implemented temporary emergency rules and procedures concerning deliveries against its COMEX and NYMEX Divisions metals contracts. The new procedures and temporary emergency rules are detailed on the Exchange website at: http://www.nymex.com/news/metals_deliveries.htm

These changes follow last week's attacks on the World Trade Center.

Scotia Mocatta Depository Corp. ("Scotia Mocatta"), in its role as an exchange-licensed depository, has cooperated with the Exchange to take a number of steps to continue to ensure an orderly delivery process against the Exchange's metals futures contracts.

These steps include, but are not limited to, effecting physical exchanges with other market participants/depositories in order to effect uninterrupted and efficient deliveries. Scotia Mocatta is committed to maintaining its presence on an on-going basis as an exchange-licensed depository, and continues to provide full services to its clients.