Tokyo Commodity Exchange: Lifting Of Extraordinary Clearing Margin For Kerosene

Lifting of Extraordinary Clearing Margin for Kerosene (imposed on 5/26)

2008.6.5

Based on Item 3.3.2 of the Regulations Governing Management of the Oil Market, since the final contract prices for all contract months (excluding contract months with no applicable price limit) have not reached the price limit for three consecutive business days, the Extraordinary Clearing Margin for new positions in the Kerosene market, imposed on and after May 26, will be lifted on and after June 5.

Extraordinary Clearing Margin for Kerosene on and after 2 June

2008.5.29

With regards to the Kerosene market, based on item 3.3.2 of the Regulations Governing Management of the Oil Market, deposit of an Extraordinary Clearing Margin of JPY 67,500 per lot is required on new positions since 26 May. However, since the price limit will be expanded to JPY 3,600, the amount of Extraordinary Clearing Margin required for new positions established on and after 2 June will be JPY 90,000.

Extraordinary Clearing Margin for Kerosene

2008.5.23

With regards to the Kerosene market, since the final contract prices for three or more contract months (excluding contract months with no applicable price limit) have reached the price limit in the same direction for two consecutive business days, based on item 3.3.2 of the Regulations Governing Management of the Oil Market, deposit of the below Extraordinary Clearing Margin is required.

1/ Commodity: Kerosene

2/ Starting date: deposits are required on new positions on and after May 26, 2008.

3/ Amount: JPY 67,500 per lot

Contract Month

Extraordinary Clearing Margin from May 26

All contract months

(new positions)

JPY 67,500

Lifting of Extraordinary Clearing Margin for Kerosene (imposed on 5/9)

2008.5.19

Based on Item 3.3.2 of the Regulations Governing Management of the Oil Market, since the final contract prices for all contract months (excluding contract months with no applicable price limit) have not reached the price limit for three consecutive business days, the Extraordinary Clearing Margin of JPY 67,500 for new positions in the Kerosene market, imposed on and after May 9, will be lifted on and after May 20.

Lifting of Extraordinary Clearing Margin for Crude Oil and Gasoline (imposed on 5/9)

2008.5.13

Based on Item 3.3.2 of the Regulations Governing Management of the Oil Market, since the final contract prices for all contract months (excluding contract months with no applicable price limit) have not reached the price limit for three consecutive business days, the Extraordinary Clearing Margin of JPY 67,500 for new positions in the Crude Oil and Gasoline markets, imposed on and after May 9, will be lifted on and after May 14.

Extraordinary Clearing Margin for Crude Oil, Gasoline and Kerosene

2008.5.8

With regards to the Crude Oil, Gasoline and Kerosene markets, since the final contract prices for three or more contract months (excluding contract months with no applicable price limit) have reached the price limit in the same direction for two consecutive business days, based on item 3.3.2 of the Regulations Governing Management of the Oil Market, deposit of the below Extraordinary Clearing Margin is required.

1/ Commodity: Crude Oil, Gasoline and Kerosene

2/ Starting date: deposits are required on new positions on and after May 9, 2008.

3/ Amount: JPY 67,500 per lot

Contract Month

Extraordinary Clearing Margin from May 9

All contract months

(new positions)

JPY 67,500

Lifting of Extraordinary Clearing Margin for Silver (imposed on 3/25)

2008.3.27

Based on Item 3.4.2 of the Regulations Governing Management of the Precious Metals Market, since the final contract prices for all contract months (excluding contract months with no applicable price limit) have not reached the price limit for three consecutive business days, the Extraordinary Clearing Margin of JPY 60,000 for new positions in the Silver market, imposed on and after March 25, will be lifted on and after March 28.

Extraordinary Clearing Margin for Silver

2008.3.24

With regards to the Silver market, since the final contract prices for three or more contract months (excluding contract months with no applicable price limit) have reached the price limit in the same direction for two consecutive business days, based on item 3.4.2 of the Regulations Governing Management of the Precious Metals Market, deposit of the below Extraordinary Clearing Margin is required.

1/ Commodity: Silver

2/ Starting date: deposits are required on new positions on and after March 25, 2008.

3/ Amount: JPY 60,000 per lot

Contract Month

Extraordinary Clearing Margin from March 25

All contract months

(new positions)

JPY 60,000

Lifting of Extraordinary Clearing Margin for Platinum (imposed on 3/11)

2008.3.14

Based on Item 3.4.2 of the Regulations Governing Management of the Precious Metals Market, since the final contract prices for all contract months (excluding contract months with no applicable price limit) have not reached the price limit for three consecutive business days, the Extraordinary Clearing Margin of JPY 75,000 for new positions in the Platinum market, imposed on and after March 11, will be lifted on and after March 17.

Lifting of Extraordinary Clearing Margin for Palladium (imposed on 3/11)

2008.3.14

Based on Item 3.4.2 of the Regulations Governing Management of the Precious Metals Market, since the final contract prices for all contract months (excluding contract months with no applicable price limit) have not reached the price limit for three consecutive business days, the Extraordinary Clearing Margin of JPY 25,000 for new positions in the Palladium market, imposed on and after March 11, will be lifted on and after March 17.

Extraordinary Clearing Margin for Platinum

2008.3.10

With regards to the Platinum market, since the final contract prices for three or more contract months (excluding contract months with no applicable price limit) have reached the price limit in the same direction for two consecutive business days, based on item 3.4.2 of the Regulations Governing Management of the Precious Metals Market, deposit of the below Extraordinary Clearing Margin is required.

1/ Commodity: Platinum

2/ Starting date: deposits are required on new positions on and after March 11, 2008.

3/ Amount: JPY 75,000 per lot

Contract Month

Extraordinary Clearing Margin from March 11

All contract months

(new positions)

JPY 75,000

Extraordinary Clearing Margin for Palladium

2008.3.10

With regards to the Palladium market, since the final contract prices for three or more contract months (excluding contract months with no applicable price limit) have reached the price limit in the same direction for two consecutive business days, based on item 3.4.2 of the Regulations Governing Management of the Precious Metals Market, deposit of the below Extraordinary Clearing Margin is required.

1/ Commodity: Palladium

2/ Starting date: deposits are required on new positions on and after March 11, 2008.

3/ Amount: JPY 25,000 per lot

Contract Month

Extraordinary Clearing Margin from March 11

All contract months

(new positions)

JPY 25,000

Lifting of Extraordinary Clearing Margin for Platinum (imposed on 2/18)

2008.2.27

Based on Item 3.4.2 of the Regulations Governing Management of the Precious Metals Market, since the final contract prices for all contract months (excluding contract months with no applicable price limit) have not reached the price limit for three consecutive business days, the Extraordinary Clearing Margin of JPY 60,000 for new positions in the Platinum market, imposed on and after 18 February, will be lifted on and after 27 February.

Lifting of Extraordinary Clearing Margin for Platinum (imposed on 2/21)

2008.2.27

At the meeting of the Market Management Committee on Precious Metals held on 26 February, it was decided that the Extraordinary Clearing Margin of JPY 50,000 for new and existing positions, imposed on and after 21 February, will be lifted on and after 3 March.

2008.2.18

The Market Management Committee on Precious Metals held an extraordinary meeting on 18 February and, based on item 3.4.3 of the Regulations Governing Management of the Precious Metals Market, decided to impose the following Extraordinary Clearing Margin on all contract months of the Platinum market on and after 21 February.

A deposit of JPY 50,000 per lot (Proprietary, General Customer and Member Customer) will be imposed on new and existing positions.

The lifting of said margin will depend on the future market condition.

Contract Month

Extraordinary Clearing Margin from February 18

Extraordinary Clearing Margin from February 21

All contract months

(existing positions)

JPY 50,000

All contract months

(new positions)

JPY 60,000*

JPY 110,000

(JPY 60,000* + JPY 50,000)

(*) Based on the Regulations Governing Management of the Precious Metals Market, the Extraordinary Margin of JPY 60,000 for new positions imposed on and after 18 February will be lifted when the final contract prices for all contract months (excluding contract months with no applicable price limit) have not reached the price limit for three consecutive business days.

2008.2.15

1/ Commodity: Platinum

2/ Starting date: deposits are required on new positions on and after 18 February 2008.

3/ Amount: JPY 60,000 per lot

Contract Month

Extraordinary Clearing Margin from February 18

All contract months

(new positions)

JPY 60,000*