Press Release For Immediate Release 7 June 2007 CLIMATE EXCHANGE PLC Chicago Climate Futures Exchange to Launch Futures Contract on WilderHill Clean Energy Index (ECO) on July 13 The Chicago Climate Exchange, a wholly owned subsidiary of Climate Exchange Plc, announces that the Chicago Climate Futures Exchange is launching a futures contract on WilderHill Clean Energy Index (ECO) on July 13. The full text of the press release follows: Chicago Climate Futures Exchange to Launch Futures Contract on WilderHill Clean Energy Index (ECO) on July 13 (Chicago - June 7, 2007) Chicago Climate Futures Exchange (CCFE), a wholly-owned subsidiary of Chicago Climate Exchange Inc. (CCX) announced today it will launch a futures contract on WilderHill Clean Energy Index (ECO) on Friday, July 13, 2007. The launch represents the first time a stock index futures contract is listed on an environmental derivatives exchange .The launch follows an agreement between Wilder Shares LLC, a provider of innovative indices for the clean energy and environmental sectors, and CCX. "The CCFE ECO-Index futures contract, the first stock index futures contract to be listed on CCFE, will allow the financial community interested in the clean energy space to diversify their risks of investing in renewable companies while tapping into the growing popularity of this sector." said Dr. Richard Sandor, Chairman and CEO of CCX. "The launch of the ECO-Index in CCFE also signals our continued commitment to creating new innovative markets in the environmental space." "We're delighted to partner with CCX to bring this cutting-edge futures product to the environmental finance arena, one that allows investors to participate in emerging clean energy with new diversification and in ways unheard of even a few years ago," said Dr. Rob Wilder, CEO of WilderShares LLC and Manager of ECO. The WilderHill Clean Energy Index is the first U.S. index comprised of companies with a focus on clean energy and pollution prevention. The WilderHill Index, a modified equal dollar weighted index, tracks the clean energy sector through publicly traded companies which stand to benefit substantially from a societal transition toward alternatives such as wind power, solar, ethanol, energy efficiency, and fuel cells. Stocks and sector weightings within the WilderHill Clean Energy Index are based on their significance for clean energy, technological influence and relevance to preventing pollution, with an emphasis on ecological and economic sustainability. As of Q2 2007, the ECO index was comprised of 40 stocks of U.S. listed companies, most of which have a market capitalization greater than $200 million. The index is calculated by the American Stock Exchange (Amex) and disseminated through the Network of the Consolidated Tape Association. Since 2005 Chicago-based asset management firm Powershares Capital Management LLC has had an AMEX listed Exchange Traded Fund based on the WilderHill Index: the Powershares WilderHill Clean Energy Portfolio (Ticker: PBW). More information on WilderHill Clean Energy Index (ECO), including index construction and a complete list of components, is available online at: http:// www.wildershares.com/index.php. Information on the Powershares WilderHill Clean Energy Portfolio ETF on AMEX (AMEX Ticker: PBW) that tracks the index (ECO) is available on the AMEX website at: http://www.amex.com/ About Chicago Climate Exchange, Inc. and Chicago Climate Futures Exchange CCX is a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX is the world's first and North America's only legally binding rules-based greenhouse gas emissions allowance trading system, as well as the world's only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and represent all sectors of the global economy, as well as public sector innovators. Reductions achieved through CCX are the only reductions in North America being achieved through a legally binding compliance regime, providing independent third party verification provided by NASD and price transparency. The founder, Chairman and CEO of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time magazine for his founding of CCX. For a full list of CCX members, daily prices and other Exchange information, see www.chicagoclimateexchange.com. Chicago Climate Futures Exchange (CCFE), a wholly-owned subsidiary of CCX, is the world's first and leading environmental derivatives exchange. CCFE currently offers standardized and cleared Sulfur Financial Instrument (SFI) futures and options contracts and Nitrogen Financial Instrument (NFI-OS) futures contracts based on mandatory cap and trade programs created under the Clean Air Act Amendments of 1990. CCFE has traded over two million SO2 allowances in its futures market, making it the world's largest exchange for trading criteria pollutants. Market participants are able to secure price transparent, standardized futures and options contracts on an anonymous electronic trading platform. The availability of effective hedging tools offered on CCFE, including prompt and deferred years for both futures and options has increased liquidity while easing volatility in the SO2 market. CCX, a US corporation, launched its trading platform in 2003. In 2005, CCX launched the European Climate Exchange (ECX), now the leading exchange operating in the European Union Emissions Trading Scheme. Since 2006, both CCX and ECX have been owned by Climate Exchange Plc, a publicly traded company listed on the AIM of the London Stock Exchange. About WilderShares LLC WilderShares LLC is a provider of innovative indices for the clean energy and environmental sectors. They are creator of the original WilderHill Index (ECO), which is the first Index to define and track the clean energy sector, specifically, businesses that stand to benefit substantially from a societal transition towards use of cleaner energy and conservation. http:// wildershares.com Dr. Rob Wilder, the CEO of WilderShares LLC, is also a co-manager of the more recent WilderHill New Energy Global Innovation Index (NEX) capturing clean energy worldwide and primarily outside the United States, and manager of the WilderHill Progressive Energy Index (WHPRO) for decarbonizing fossil fuels and the dominant energy portrait today. (Subject to Self-Certification with the CFTC) Chicago Climate Futures Exchange, LLC ECO-Clean Energy Index Futures Contract Specifications Contract Size $25 times the value of the ECO-Clean Energy Index The ECO-Clean Energy Index is a modified equal dollar weighted stock index of U.S. listed companies focusing on the technologies for utilizing greener, renewable sources of energy. These technologies include renewable energy harvesting or production, energy conversion, energy storage, pollution prevention, improving efficiency, power delivery, energy conservation, and monitoring information. Quotation US dollars Minimum Tick 0.20 of an index point = $5 per contract Increment Symbol ECO-Index Trading Hours 7:00 a.m. - 3:00p.m. Central Time Contract Listing Up to six consecutive quarterly contracts on a March, June, Cycle September, December cycle Deliverable Cash Settled Instruments First Trading The first trading day of a contract is the first business day Day following an expiration day of a contract. Last Trading Day The last trading day of a contract month is the business day immediately preceding the day of determination of the Final Settlement Price. Daily Settlement Settlement prices will be based on the following criteria: Price a. A single traded price during the pre-close. b. If more than one trade occurs during the pre-close, the trade volume weighted average of the prices, rounded to the nearest tick. c. If no trade occurs during the pre-close, the following will be given consideration; 1. the volume weighted average of the last two trade prices, rounded to the nearest tick; the mid-point between the best bid and offer (volume weighted) in the pre-close rounded to the nearest tick; spread price relationships; and time value between the contract months d. The Exchange reserves the right to take into account other factors in determining settlement prices. Final Settlement The Final Settlement Price (FSP) shall be determined on the Price third Friday of the contract month. The FSP shall be a special quotation of the ECO-Clean Energy Index based on the opening prices of the component stocks in the index, or on the last sale price of a stock that does not open for trading on the day of the determination of the FSP. If the ECO-Clean Energy Index is not scheduled to be published on the third Friday of the contract month, the FSP shall be determined on the first earlier day for which the index is scheduled to be published. Price Limits and The daily price limits shall be ten percent (10%) of the average settlement prices of a calendar month immediately preceding the beginning of a calendar quarter month. Trading Halts Trading halts shall be coordinated with trading halts in the securities markets. Reportable 200 contracts Position Limits Nearby 5,000 contracts Expiration Month Speculative Position Limits Contract specifications rules may be subject to change. If CCFE determines that changes to the contract specifications rules are warranted, reasonable efforts will be taken to provide appropriate advance notification of the changes. This document is a summary of the CCFE contract specification rules. See the CCFE rulebook for complete contract specification rules. End Contacts Richard Sandor, Chairman, Climate Exchange Plc 001 312 554 3370 Neil Eckert, CEO, Climate Exchange Plc 020 7382 7801 Peter Rigby/Alexandra Parry, Haggie Financial 020 7417 8989 About Climate Exchange Plc Climate Exchange Plc is a holding company whose subsidiaries are principally engaged in owning, operating and developing exchanges to facilitate trading in environmental financial instruments including emissions reduction credits in both voluntary and mandatory markets. The two main businesses are the Chicago Climate Exchange (CCX) which operates a voluntary but legally binding cap and trade system including an exchange for CO2 emissions as well as SOx and NOx contracts in the US and internationally, and the European Climate Exchange (ECX) which operates an exchange focussed on compliance certificates for the mandatory European Emissions Trading Scheme. http://climateexchange.com About Chicago Climate Exchange, Inc. CCX is a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX is the world's first and North America's only legally binding rules-based greenhouse gas emissions allowance trading system, as well as the world's only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and represent all sectors of the global economy, as well as public sector innovators. Reductions achieved through CCX are the only reductions in North America being achieved through a legally binding compliance regime, providing independent third party verification provided by NASD and price transparency. The founder, Chairman and CEO of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time magazine for his founding of CCX. For a full list of CCX members, daily prices and other Exchange information, see http:// www.chicagoclimateexchange.com. CCX, a US corporation, launched its trading platform in 2003. In 2005, CCX launched the European Climate Exchange (ECX), now the leading exchange operating in the European Union Emissions Trading Scheme. CCX also launched the Chicago Climate Futures Exchange (CCFE), a CFTC-regulated futures exchange for U.S. SO2 allowances and U.S. NOx Ozone Season allowances, the world's first environmental derivatives exchange. Since 2006, CCX, ECX and CCFE have been owned by Climate Exchange Plc, a publicly traded company listed on the AIM of the London Stock Exchange. About European Climate Exchange The European Climate Exchange (ECX) manages product development and marketing of Carbon Financial Instruments (CFI) futures and options contracts on CO2 EU allowances traded under the EU Emissions Trading Scheme. ECX CFI contracts are listed and traded on the ICE Futures electronic platform, offering a central marketplace for emissions trading in Europe with standard contracts and clearing guarantees provided by LCH.Clearnet. ECX/ ICE Futures is the most liquid, pan-European Exchange for carbon emissions trading. More than 80 leading global businesses have signed up for membership to trade ECX products. In addition, several hundred clients can access the market via banks and brokers. This information is provided by RNS The company news service from the London Stock Exchange END
Climate Exchange PLC announces New Futures Contract Launched
| Source: Climate Exchange PLC
Isle of Man, UK--(Marketwire - June 7, 2007) -