NYSE EURONEXT BUYS STAKE IN INDIA’S LARGEST COMMODITIES EXCHANGE

Posted July 1, 2008

NEW YORK – The Euronext NV unit of NYSE Euronext has completed an acquisition of 5 percent of the Multi-Commodity Exchange (MCX), India’s largest commodity derivatives exchange, which is the maximum share a single foreign investor is permitted to hold in an Indian exchange under Indian law. NYSE Euronext also holds a 5 percent stake in the National Stock Exchange of India Ltd., which trades equities, equity derivatives, and fixed income -- both government and corporate bonds.

“Through our investment in MCX, NYSE Euronext continues to expand its global leadership by aligning our diverse business model with other global entities that add value to our customers and shareholders,” says Lawrence Leibowitz, NYSE Euronext Group Executive Vice President and Head of US Execution and Global Technology. “Asia-Pacific is a strong, growing region for global capital markets and we are very pleased to formalize our intent to be a part of that growth by investing in and working with MCX.”

Currently, there are 14 corporate listings from India on NYSE Euronext markets, 12 on the NYSE and two on Euronext, including one inter-listed company. “The strategic investment by NYSE in MCX takes our relationship to the next level and we see it as strategically important in the global context,” says Joseph Massey, Chief Executive Officer, MCX.

NYSE Euronext and MCX previously agreed in 2006 for MCX to use futures prices from Liffe, NYSE Euronext’s derivatives business. Financial Technologies Group, the parent of the MCX, operates seven exchanges for trading of derivatives and spot of various commodities.

“This strategic partnership is an excellent case study and example of how we plan to work together with global partners, like NYSE Euronext, to execute our vision of creating one of the largest global exchange networks across the fast growing economies of Africa, Central Asia, Middle East, India, China and other Asian countries,” says Jignesh Shah, Chairman and Chief Executive Officer of Financial Technologies Group and Vice Chairman of MCX.