SFE Corporation Limited Announces Its Intention To De-List The Current Grains Futures Contracts

In light of the continued low trading volumes of SFE's grain contracts, a review of this product suite was undertaken with input from an independent advisor and extensive market consultation. The review explored industry trends, market demand, and the potential to alter contract specifications, pricing and positioning of these products. The review concluded however, that the prospects for these contracts to generate a return on investment that justified the associated operational and regulatory risks borne by SFE were minimal. Accordingly, the four existing grain contracts will be de-listed at the earliest opportunity, in a fair and orderly manner.

The current schedule for the de-listing of the grain contracts is detailed below. These dates may be brought forward in the event of open interest in any current contract reaching zero prior to scheduled delisting.

• Barley, All contracts, Last Trading Day, 4.00pm, 22nd June 2001
• Canola, All contracts, Last Trading Day, 4.00pm, 22nd June 2001
• Wheat, Contracts with no open interest post March 02, Last Trading Day, 4.00pm, 22nd June 2001
• Sorghum, Contracts with no open interest post March 02, Last Trading Day, 4.00pm, 22nd June 2001
• Wheat, Contracts with open Interest, Last Trading Day, 4.00pm, 19th March 2002
• Sorghum, Contracts with open Interest, Last Trading Day, 4.00pm, 21st May 2002

Whilst the existing listed grain contracts are in the process of being de-listed, the SFE is very receptive to the concept of 'Industry Sponsorship', of grains, or other markets that would benefit from the financial tools made available by exchange listed products. As such, a structure of agreeable terms is being developed and a number of opportunities are currently being explored with Australian associations and institutions. For further information on product sponsorship, please contact the SFE.

SFE Corporation Limited (SFE) is a publicly listed entity on the Austock exempt market that through its group of companies provides exchange-traded and over-the-counter financial services for institutions globally. Fully electronic and with 24-hour trading capability, SFE offers trading products for investment and risk management, disseminates market data information and provides centralised clearing, settlement and depository services. For more information, visit www.sfe.com.au.